FTX and the debtors request the court to approve the sale of $744 million in Grayscale and Bitwise trust assets

ChainCatcher news reports that court documents show FTX and its debtors have requested the U.S. Bankruptcy Court in Delaware to approve the sale of certain trust assets through an investment advisor, namely the Grayscale and Bitwise funds, estimated to be worth $744 million.

According to court documents, this move aims to prepare for the upcoming monetization distribution for creditors and allows FTX to quickly sell these trust assets at the appropriate time.

Additionally, by establishing a pricing committee, all stakeholders will have representation to alleviate the costs and delays associated with the separate sale of each asset.