After more than two years of protracted litigation, the two digital asset managers Grayscale Investments and Osprey Funds have unexpectedly reached a settlement agreement. This is the latest development in the legal battle surrounding the marketing strategies and competitive products of Bitcoin ETFs, which has attracted significant attention in the cryptocurrency investment community.
⚖️ Two-year legal battle between Grayscale and Osprey
The lawsuit began in January 2023 when Osprey Funds, based in Fairfield, Connecticut, filed a lawsuit against Grayscale Investments, accusing the competitor of misleadingly promoting the process of converting the Bitcoin Trust (GBTC) to an ETF.