Grayscale Settles Legal Dispute with Osprey Funds Amid Bitcoin Trust Controversy

On April 11th, COINOTAG reported that Grayscale Investments, a prominent digital asset management firm, has officially reached a settlement with Osprey Funds, concluding a protracted legal battle lasting over two years. As per documents submitted to the Connecticut Appellate Court on April 9th, both parties are expected to formalize the settlement within a 45-day timeframe. The legal conflict dates back to January 2023, when Osprey accused Grayscale of allegedly misleading investors regarding the transition of its Bitcoin Trust (GBTC) into an Exchange-Traded Fund (ETF). In February, the court ruled favorably for Grayscale, prompting Osprey to file an appeal. At this time, the specific terms of the settlement remain undisclosed, and there has been no public comment from representatives of either company, leaving the crypto community curious about the implications of this resolution.