Hedge fund Fir Tree is suing Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), according to Bloomberg. By NelWang
Fir Tree also wants Grayscale to resume redemptions and cut fees for the trust, which is the largest publicly-traded crypto fund in the world with $10.7 billion in assets. It allows U.S.
investors to gain exposure to price movements of bitcoin without buying the asset itself.to the price of the underlying bitcoin in the trust. Fir Tree wants Grayscale to resume redemptions, which are not immediately available to investors, and to cut fees from the current 2%, according to Bloomberg.This is a developing story and will be updated.
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