![Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings](https://digitallifegaming.com/wp-content/uploads/2024/01/ZYI4Z22Y6BDN5O4USREXTNJHJY-768x402.jpg)
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Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to become a spot exchange-traded fund (ETF). It also holds $165 million in Grayscale Ethereum Trust and $38 million in Grayscale Ethereum Classic Trust, the filing shows.
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