Osprey accused Grayscale of conducting “false and misleading advertising” for the Grayscale Bitcoin Trust (ticker GBTC) since late 2020, according to a complaint filed Monday in Connecticut ...

Grayscale is part of Digital Currency Group, which also owns Genesis Global Capital, the crypto lender that declared bankruptcy on Jan. 19. Osprey has also seen hard times recently.

The market is certain that a spot bitcoin ETF gets approved sooner rather than later. Meanwhile, what if Grayscale fails to be approved for its conversion of GBTC?

Gary Gensler’s SEC rejected Grayscale’s application for a spot bitcoin ETF in June 2022, arguing the proposal did not meet anti-fraud and investor protection standards. REUTERS ...

Grayscale is one of several firms that has applied for a spot bitcoin ETF. Earlier this year, BlackRock, Fidelity and Invesco, among others, sought permission to launch their own bitcoin funds.

Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval ...