🚀 Bankruptcy judge gives green light for Genesis Global Holdco to liquidate a whopping $1.3 billion in Grayscale Bitcoin Trust (GBTC) shares! Why? To reimburse investors, of course.

- Genesis held a cool $1.6 billion in GBTC, Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG) shares.

- Grayscale filed a limited objection, but won't stand in the way of the sale.

- Thanks to the SEC's approval, GBTC will convert to a spot Bitcoin ETF, making cash redemption of shares a breeze.

All in all, it's a win-win for investors and the crypto market! 😎💰