Fir Tree Resolves Suit Against Grayscale Over Bitcoin Trust Data
- Hedge fund had sued Grayscale last year seeking info on GBTC
- Grayscale is suing SEC to convert Bitcoin trust into ETF
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Fir Tree Capital Management said it reached an agreement with Grayscale Investments that resolves a lawsuit the hedge fund had filed against the crypto firm last year in connection with the $19.3 billion Grayscale Bitcoin Trust.
Under the agreement, Grayscale will produce documents tied to the trust, which is known by its ticker GBTC, according to a Tuesday release. The December 2022 lawsuit sought information to investigate potential mismanagement and conflicts of interest at the trust, Bloomberg reported at the time.