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Grayscale and Osprey settle on Bitcoin ETF lawsuit
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04-11 13:42
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Digital asset management company Grayscale and Osprey have settled a legal dispute over marketing practices of Bitcoin Trust ETFs. Court documents show that both parties must complete the sorting and execution of the settlement agreement documents within the next 45 days. The case stems from the fact that Osprey sued Grayscale for “misleading publicity” in promoting GBTC to ETF in early 2023, which was subsequently approved by the SEC to convert to ETF in 2024. Previously, the court ruled in February 2025 that Grayscale won the case, believing that the Connecticut Improper Business Conduct Act cited by Osprey does not apply to securities cases. The details of the settlement have not been made public and there is no formal response from both parties.
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