FTX Sells Grayscale Bitcoin Trust Shares Worth $1B

The Bitcoin world has been buzzing with recent developments surrounding FTX, one of the major players in the market, and its significant influence on the Grayscale Bitcoin Trust (GBTC).

According to a Bloomberg report on January 22, “two people familiar with the matter” revealed that the estate of the unsuccessful digital asset exchange and Alameda Research hedge fund sold majority of its GBTC shares, potentially raising at least $600 million.

Other sources mention different numbers, some claiming FTX has sold its entire GBTC shares, which accounts for $1 billion of GBTC sales the week after Bitcoin ETF approval.

SourceMassive Sell-Off of Grayscale Bitcoin Trust Shares

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