{"id":170661,"date":"2023-02-07T17:25:57","date_gmt":"2023-02-07T17:25:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170661"},"modified":"2023-02-07T17:25:57","modified_gmt":"2023-02-07T17:25:57","slug":"grayscale-files-final-briefs-in-etf-lawsuit-against-sec","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/grayscale-files-final-briefs-in-etf-lawsuit-against-sec\/","title":{"rendered":"Grayscale Files 'Final' Briefs In ETF Lawsuit Against SEC"},"content":{"rendered":"
<\/p>\n
Grayscale\u2019s parent company Digital Currency Group (DCG) started selling discounted shares from products issued by its crypto asset manager. DCG decided to offload assets from the $10 billion-strong portfolio to raise cash. The group\u2019s lending and trading arm Genesis declared bankruptcy last year and owes over $3 billion to creditors, Gemini included.\u00a0<\/p>\n
Filing with the SEC showed that DCG has mainly focused on selling assets from the company\u2019s Ethereum-based product under the ticker ETHE. However, DCG might decide to offload GBTC shares before the Genesis bankruptcy proceedings are over.\u00a0<\/p>\n