Journalists have reported that FTX, currently undergoing bankruptcy proceedings, sold 22.3 million shares of Grayscale Bitcoin Trust (GBTC) from its bankruptcy estate for approximately $908 million (as of January 11). FTX's position in GBTC was valued at $597 million as of October 25, 2023. The sale occurred as part of the liquidation process, and the platform, like other asset owners, benefited from the neutralization of the discount to Net Asset Value (NAV). Investors have been selling...