A bankruptcy court has approved the sale of FTX digital assets in weekly batches through an investment adviser and under preestablished guidelines. The sale does not include Bitcoin, Ether and certain insider-affiliated tokens, which can be sold through a separate decision by FTX after 10 days notice. FTX sales are not expected to have a heavy impact on markets. According to a recent shareholder update, the bankrupt exchange has $833 million worth of Bitcoin and Ether. A total of $3.4 billion is held in Digital Assets A the top 10 assets the company holds which include Solana, Bitcoin, Ether, Aptos and others.
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Source: Cryptocurrency - investing.com
