TechFlow reported on April 11, according to Decrypt, that digital asset management firm Grayscale Investments and Osprey Funds have reached a settlement agreement in their two-year legal dispute. According to documents filed with the Connecticut Appellate Court on April 9, both parties will complete settlement documents within 45 days. The dispute originated in January 2023 when Osprey accused Grayscale of misleading investors in its promotional statements regarding the prospects of converting its Bitcoin Trust (GBTC) into an ETF. In February this year, the court ruled in favor of Grayscale, after which Osprey filed an appeal. Currently, the settlement terms have not been disclosed, and representatives from both sides have not issued public statements.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
