Encryption competitors GrayScale and OSPREY have a two -year problem for Bitcoin ETF

Digital Asset Manager GrayScale Investments and OSPREY funds have reached an agreement after a long legal dispute on marketing practices.

According to the agreement submitted to the Connecticut Appeals Court on April 9, after the OSPREY appeals to the February decision on Grayscale, the parties are watching 45 days to finish the settlement documentation for 45 days.

“Immediately after this appeal, the parties reached an agreement of this case.” GrayScale and Osprey must perform the terms and conditions before starting the appeal after completing the “consensus documentation.”

that suitApplied in January 2023 Suspicion The gray scale switched to investors into an exchange trading fund for the outlook for Bitcoin Trust (GBTC).

Osprey, headquartered in Fairfield, which has a small market share but operates its own bitcoin trust, argued that Grayscale violated Connecticut’s unfair trade practices (CUTPA) by deceptive marketing.

The court record is after GrayScale has been approved for SEC and has strengthened the lawsuit with OSPREY “rising“And Bitcoin trust ETF January 2024 Long -term battle With regulator.

OSPREY modified dissatisfaction, claiming that Grace Scale misunderstood the progress of ETF conversion. Osprey is still trying to convert OBTC to ETF.

High Court Judge Mark Gould Granted The decision on Grayscale on February 7, 2025 that CUTPA did not apply to securities cases.

The ruling was made after more than two years of legal lawsuit, which included GrayScale’s counterclaim, claiming OSPREY’s similar unfair practices. This counterpart fell voluntarily before the summary. history show.

Prior to the February ruling, OSPREY attempted to solve this case about $ 2 million in July 2024, but Gray Scale refused to propose.

The financial terms and conditions of the current agreement agreement and other conditions are not disclosed, and it is still unclear which parties are included in the contract.

The representatives of the two companies did not present public statements on the current consensus conditions.

decoding I contacted GrayScale and Osprey but did not receive a response as a press time.

Edited by SEBASTIAN SINCLAIR