Saturday, May 31, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Crypto Competitors Grayscale and Osprey Settle Two-Year Tussle Over Bitcoin ETFs

April 11, 2025
in Web3
Reading Time: 4 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



Digital asset managers Grayscale Investments and Osprey Funds have reached a settlement settlement after their long-drawn authorized dispute over advertising practices.

A movement filed with the Connecticut Appellate Court docket on April 9 reveals the events are taking a look at 45 days to finalize settlement documentation after Osprey appealed a February choice favoring Grayscale.

“Quickly after this attraction was filed, the events reached a settlement of this case,” a duplicate of the movement first uploaded by Law360 reads. Grayscale and Osprey would then have to “end documenting the settlement” and perform the phrases earlier than the attraction will be pulled.

The lawsuit, filed in January 2023, centered on allegations that Grayscale misled buyers in regards to the prospects of its Bitcoin Belief (GBTC) changing to an exchange-traded fund.

Fairfield-based Osprey, which operates its personal Bitcoin belief albeit with a smaller market share, claimed Grayscale violated Connecticut’s Unfair Commerce Practices Act (CUTPA) by allegedly misleading advertising.

Court docket data present the litigation with Osprey intensified after Grayscale acquired SEC approval to “uplist” and convert its Bitcoin Belief to an ETF in January 2024, following a protracted battle with the regulator.

Osprey subsequently amended its criticism, arguing that Grayscale misrepresented its progress towards ETF conversion.  Osprey continues to be working to transform their OBTC to an ETF.

Superior Court docket Decide Mark Gould granted abstract judgment to Grayscale on February 7, 2025, ruling that CUTPA didn’t apply to securities instances.

That judgment got here after over two years of authorized proceedings, which included counterclaims by Grayscale alleging related unfair practices by Osprey. These counterclaims have been voluntarily dropped earlier than the abstract judgment, the case historical past reveals.

It is value noting that earlier than the February ruling, Osprey had tried to settle the case in July 2024 for roughly $2 million, however Grayscale declined that provide.

Monetary phrases and different situations of the present settlement settlement haven’t been disclosed, and it stays unclear whether or not the settlement consists of any admission of legal responsibility by both celebration.

Representatives from each corporations haven’t issued public statements concerning the present settlement phrases.

Decrypt has reached out to Grayscale and Osprey however didn’t obtain a response by press time.

Edited by Sebastian Sinclair

Day by day Debrief E-newsletter

Begin every single day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.



Source link

Tags: BitcoinCompetitorscryptoETFsGrayscaleOspreySettleTussletwoyear
Previous Post

BNB Price Recovery in Motion—Uphill Battle Ahead Near Crucial $600 Level

Next Post

Gala Games Introduces Bearny with Full $GALA Rebate Offer

Related Posts

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve
Web3

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve

May 31, 2025
GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy
Web3

GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy

May 29, 2025
Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem
Web3

Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem

May 30, 2025
Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push
Web3

Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push

May 28, 2025
Civitai Turns to Crypto After Credit Card Processor Ban Over AI Explicit Content
Web3

Civitai Turns to Crypto After Credit Card Processor Ban Over AI Explicit Content

May 27, 2025
This Week in Crypto Games: ‘Off the Grid’ Coming to Steam, Ethereum’s ‘Ember Sword’ Shuts Down
Web3

This Week in Crypto Games: ‘Off the Grid’ Coming to Steam, Ethereum’s ‘Ember Sword’ Shuts Down

May 25, 2025
Next Post
Gala Games Introduces Bearny with Full $GALA Rebate Offer

Gala Games Introduces Bearny with Full $GALA Rebate Offer

SEC ends Helium probe as new crypto regulations roll out under Trump

SEC ends Helium probe as new crypto regulations roll out under Trump

$40M AI Scam? Humans, Not Tech, Powered Shopping App

$40M AI Scam? Humans, Not Tech, Powered Shopping App

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In