Bankrupt crypto exchange FTX and its debtors have requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. The assets include funds from Grayscale and Bitwise. The sale is intended to facilitate forthcoming distributions to creditors and enable the debtors to quickly sell the assets at the right time. By following the proposed sale procedures, the cost and delay of filing separate motions for each sale can be avoided. The trust assets consist of five Grayscale Trusts valued at around $691 million and one trust managed by Bitwise worth $53 million. The market value of these assets is based on October 25th figures. It is worth noting that Grayscale and CoinDesk are both part of Digital Currency Group (DCG).

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Grayscale, Digital Currency Group (DCG), U.S. bankruptcy court of Delaware, Bitwise, FTX
Currencies	US Dollar
Securities	None