On Feb. 15, Genesis obtained permission from a New York chapter court docket to promote the practically 36 million shares in GBTC, in addition to extra shares in two Grayscale Ethereum trusts. On the time of the appliance, attorneys for the property valued the Grayscale shares at a collective $1.6 billion – practically $1.4 billion in GBTC, $165 million in Grayscale Ethereum Belief, and $38 million in Grayscale Ethereum Traditional Belief.