Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Gemini Trust: Authorized to monetize more than 30.9 million GBTC held

Gemini Trust: Authorized to monetize more than 30.9 million GBTC held

CointimeCointime2024/02/18 02:33
By:Cointime

Gemini Trust has released an update on Earn on the X platform. On February 14th, Judge Lane approved the motion to authorize Genesis to sell trust assets. Under this order, Gemini is authorized to begin monetizing its initial collateral (30,905,782 GBTC) to return it to Earn users. This is an important step that will facilitate physical allocation to Earn users (i.e. returning specific digital assets borrowed by Earn users, rather than equivalent dollars or alternative cryptocurrencies).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices

Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins

Coineagle2025/03/14 23:00

Bitcoin Plunge Signals Opportunity to Buy as USDT Flow Peaks in Six Months

Analyzing Stablecoin Spikes amid Bitcoin's Decline: A Sign of Impending Rally or a Word of Caution?

Coineagle2025/03/14 23:00

Keeping Faith in Bitcoin: Unraveling the 2017 Cycle and the Power of HODLing Strategy

Identifying Parallels Between BTC's Current Trends and Its Performance Four Years Prior - Should Investors Hold Firm or Alter Approaches?

Coineagle2025/03/14 23:00