FTX's $1 milliard frasalg giver anledning til udstrømninger fra GBTC

FTX's $1 milliard frasalg giver anledning til udstrømninger fra GBTC

Tidsstempel: 22. januar 2024 kl. 11
FTX's $1 Billion Sell-Off Prompts Outflows from GBTC PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Following the approval of spot Bitcoin exchange-traded funds (ETFs), the
crypto market has experienced a surprising downturn after FTX unloaded a staggering
$1 billion worth of Grayscale Bitcoin Trust’s (GBTC) shares.

This unprecedented sell-off, attributed to
the bankruptcy of the crypto exchange, has raised a concern about the broader implications
for the crypto sector. According to a report by Coindesk, FTX er en væsentlig
contributor to the outflows amounting to more than $2 billion reported by GBTC.

CoinDesk's datagennemgang afslørede det FTX
afhændet 22 millioner aktier, hvilket tegner sig for næsten 1 milliard dollars af det samlede beløb
udstrømning. På trods af høje forventninger omkring godkendelse af Bitcoin ETF'er,
the crypto market has experienced a decline in Bitcoin’s price.

FTX udnyttede prisforskellen mellem GBTC og
værdien af ​​de underliggende Bitcoins. Ejer 22.3 millioner GBTC til en værdi af 597 USD
millioner i oktober 2023, FTX's skridt til at likvidere sin andel på $900 millioner
coincided with the launch of Grayscale’s Bitcoin ETF on January 11. The aftermath saw a drop in Bitcoin’s value,
foranlediger en revurdering af virkningen af ​​godkendelsen af ​​ETF'erne.

Sidste år Alameda Research sagsøgte Grayscale to recover $250 million for FTX’s customers and creditors.
This legal tussle involves accusations of exorbitant fees and Grayscale’s alleged ban on redemption.

Alameda Researchs klager mod gråtoner

FTX hævdede, at gråtoner overtrådte
trust fund-aftaler ved at opkræve over 1.3 milliarder dollars i administrationsgebyrer over
sidste to år. Derudover hævdede børsen, at gråtoner hindrede
aktionærer fra at indløse deres aktier, hvilket resulterer i et betydeligt fald i
the value of the Grayscale Bitcoin and Ethereum Tillid.

Gråtoner imødegik dog disse
påstande og betegnede retssagen som "vildledende". Ifølge en rapport
by Finansforstørrelser, a spokesperson from Grayscale defended the company’s
bestræbelser på at opnå myndighedsgodkendelse til konvertering af Gråskala Bitcoin
Stol på en ETF.

Meanwhile, a US federal appeals court recently mandated the appointment of an independent bankruptcy examiner for FTX. Denne
occurred following the alleged misappropriation of $10 billion in customers’
aktiver.

Justifying its decision, the 3rd US
Circuit Court of Appeals in Philadelphia emphasized the mandatory nature of
appointing an independent examiner under the US Bankruptcy Code. However, FTX’s current CEO, John Ray,
and the committee of unsecured creditors opposed this step, citing concerns
about duplication of efforts and high costs that could diminish funds available
til distribution.

Following the approval of spot Bitcoin exchange-traded funds (ETFs), the
crypto market has experienced a surprising downturn after FTX unloaded a staggering
$1 billion worth of Grayscale Bitcoin Trust’s (GBTC) shares.

This unprecedented sell-off, attributed to
the bankruptcy of the crypto exchange, has raised a concern about the broader implications
for the crypto sector. According to a report by Coindesk, FTX er en væsentlig
contributor to the outflows amounting to more than $2 billion reported by GBTC.

CoinDesk's datagennemgang afslørede det FTX
afhændet 22 millioner aktier, hvilket tegner sig for næsten 1 milliard dollars af det samlede beløb
udstrømning. På trods af høje forventninger omkring godkendelse af Bitcoin ETF'er,
the crypto market has experienced a decline in Bitcoin’s price.

FTX udnyttede prisforskellen mellem GBTC og
værdien af ​​de underliggende Bitcoins. Ejer 22.3 millioner GBTC til en værdi af 597 USD
millioner i oktober 2023, FTX's skridt til at likvidere sin andel på $900 millioner
coincided with the launch of Grayscale’s Bitcoin ETF on January 11. The aftermath saw a drop in Bitcoin’s value,
foranlediger en revurdering af virkningen af ​​godkendelsen af ​​ETF'erne.

Sidste år Alameda Research sagsøgte Grayscale to recover $250 million for FTX’s customers and creditors.
This legal tussle involves accusations of exorbitant fees and Grayscale’s alleged ban on redemption.

Alameda Researchs klager mod gråtoner

FTX hævdede, at gråtoner overtrådte
trust fund-aftaler ved at opkræve over 1.3 milliarder dollars i administrationsgebyrer over
sidste to år. Derudover hævdede børsen, at gråtoner hindrede
aktionærer fra at indløse deres aktier, hvilket resulterer i et betydeligt fald i
the value of the Grayscale Bitcoin and Ethereum Tillid.

Gråtoner imødegik dog disse
påstande og betegnede retssagen som "vildledende". Ifølge en rapport
by Finansforstørrelser, a spokesperson from Grayscale defended the company’s
bestræbelser på at opnå myndighedsgodkendelse til konvertering af Gråskala Bitcoin
Stol på en ETF.

Meanwhile, a US federal appeals court recently mandated the appointment of an independent bankruptcy examiner for FTX. Denne
occurred following the alleged misappropriation of $10 billion in customers’
aktiver.

Justifying its decision, the 3rd US
Circuit Court of Appeals in Philadelphia emphasized the mandatory nature of
appointing an independent examiner under the US Bankruptcy Code. However, FTX’s current CEO, John Ray,
and the committee of unsecured creditors opposed this step, citing concerns
about duplication of efforts and high costs that could diminish funds available
til distribution.

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