On January 30, Crypto investment firm Osprey filed a lawsuit against Grayscale, which Grayscale has called frivolous.
Crypto investment firm Osprey Funds LLC has filed a lawsuit against crypto firm Grayscale Investments, claiming that it has misled investors through unfair and deceptive acts in the asset management industry.
More specifically, it claims Grayscale knew the application to convert GBTC to an ETF was never going to be approved by regulators. Grayscale, founded in 2013, has $14.6 billion in assets under management and charges a 2% annual management fee. Osprey, founded in 2018, which operates its own bitcoin trust, has around $64 million in AUM and charges a 0.49% fee.
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