The FTX estate reportedly offloaded the majority of its shares in the recently converted Grayscale bitcoin ETF.

Both Bloomberg and CoinDesk reported on the sale, citing sources familiar. 

Marex Capital sold a majority of the 22 million shares held by FTX, according to Bloomberg. Court documents filed last year showed that FTX owned 22.28 million shares.

The sale, with the shares trading for around $38, fetched roughly $600 million, the report said.

Grayscale did not immediately return a request for comment on the reported sales.

Nearly two weeks ago, Grayscale’s fund converted to a bitcoin ETF. This followed the Securities and Exchange Commission’s authorization for nearly a dozen…

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