Just In: FTX's Bankruptcy Estate Sold 22 Million GBTC Shares, Leading to $1 Billion GBTC Outflow

FTX’s $1 billion sell-off of its GBTC shares was a major catalyst of the trust’s outflows after becoming a spot Bitcoin ETF. Image by Formatoriginal, Adobe Stock. The ongoing bankruptcy proceedings for crypto exchange FTX have led to major sell-offs from one of the largest bitcoin funds. According to a recent CoinDesk report, FTX’s bankruptcy […] The post Just In: FTX’s Bankruptcy Estate Sold 22 Million GBTC Shares, Leading to $1 Billion GBTC Outflow appeared first on Cryptonews.