Bitcoin ETFs Battle: Grayscale Osprey Truce

Grayscale and Osprey Settle Legal Dispute Over Bitcoin ETFs

• Grayscale Investments and Osprey Funds have reached a settlement after a legal dispute over marketing practices.
• The lawsuit, filed in January 2023, involved allegations of misleading marketing by Grayscale regarding its Bitcoin Trust (GBTC) conversion to an ETF.
• Osprey claimed Grayscale violated Connecticut’s Unfair Trade Practices Act (CUTPA).
• A February 2025 ruling favored Grayscale, stating CUTPA did not apply to securities cases.
• Financial terms of the settlement remain undisclosed, with no public statements from either company.

The legal dispute between Grayscale and Osprey centered on claims of deceptive marketing practices related to ETF conversion prospects. The case concluded with a settlement following a court ruling in favor of Grayscale.