Gemini Trust: Authorized to monetize more than 30.9 million GBTC held

Gemini Trust has released an update on Earn on the X platform. On February 14th, Judge Lane approved the motion to authorize Genesis to sell trust assets. Under this order, Gemini is authorized to begin monetizing its initial collateral (30,905,782 GBTC) to return it to Earn users. This is an important step that will facilitate physical allocation to Earn users (i.e. returning specific digital assets borrowed by Earn users, rather than equivalent dollars or alternative cryptocurrencies).