HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinGenesis Receives Court Approval to Liquidate $1.3 Billion in Grayscale GBTC Shares

Genesis Receives Court Approval to Liquidate $1.3 Billion in Grayscale GBTC Shares

According to recent filings, Genesis Global Holdco is reported to have held approximately $1.6 billion worth of shares in three Grayscale trusts: Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust. These holdings indicate a significant investment in the cryptocurrency market by Genesis Global Holdco. The exact breakdown of the investment across the three trusts is not provided in the filings. However, the substantial amount of shares held by Genesis Global Holdco suggests a strong interest in the digital asset space and highlights the growing popularity of cryptocurrency investments.

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