Gemini Trust: Has been authorized to start monetizing over 30.9 million shares of GBTC it holds

Gemini Trust released an update stating that on February 14th, Judge Lane approved Genesis's motion to sell trust assets. According to the order of the bankruptcy court approving this motion, Gemini is authorized to begin monetizing its initial collateral (30,905,782 shares of GBTC) in order to repay Earn users. This is a significant step that will facilitate physical distribution to Earn users (i.e., returning specific digital assets they lent out rather than equivalent dollars or alternative cryptocurrencies).