Collapsed FTX exchange and its debtors appealed to the U.S. bankruptcy court of Delaware for approval of the sale of some trust assets which are funds of Grayscale and Bitwise valued at around $744 million. The trusts act as an onboarding instrument for investors to gain crypto exposure without owning the assets. The trust assets are held in one Bitwise trust valued at $53 million (based on Oct.25, 2023) and five Grayscale trusts valued at $691 million. . . #ftx #grayscale #bitwise