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BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral

The troubled crypto lender BlockFi said earlier Tuesday that it would no longer accept shares of the Grayscale Bitcoin Trust as collateral. A few hours later, the company said in a statement that "We are not saying that we won't support GBTC as collateral moving forward."

BlockFi advertisement in Washington D.C.'s Union Station (CoinDesk)
BlockFi advertisement in Washington D.C.'s Union Station (CoinDesk)