Grayscale resolves lawsuit with Fir Tree over proposed adjustments to Bitcoin Belief

Grayscale Investments has reached an settlement with New York-based funding agency Fir Tree Capital Administration over its Belief.

In accordance with a July 11 announcement from Fir Tree, Grayscale agreed to offer extra documentation associated to its Bitcoin Belief (GBTC) after Fir Tree filed a lawsuit in December 2022. The grievance in opposition to Grayscale geared toward having the asset supervisor cease plans to show its GBTC belief right into a spot exchange-traded fund (ETF) and supply documentation on its relationship with Digital Foreign money Group, Grayscale’s dad or mum firm.

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