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FTX Contagion Reaches Grayscale? Is ETHE, GBTC the Next FTT?


Genesis Trading, a crypto brokerage firm, is facing possible solvency issues. Tomorrow morning at 8 AM EST, Genesis Trading will hold a call with creditors to discuss the current situation, FTX exposure and relationships with Alameda Research. If the rumors are true the firm may dissolve the ETHE and GBTC trusts in order to repay their lenders.
Grayscale for the post FTX Contagion? Are GBTC, ETHE Next Future FTT? CoinGape’s first appearance.



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