Fir Tree Resolves Suit Against Grayscale Over Bitcoin Trust Data

Fir Tree Capital Management said it reached an agreement with Grayscale Investments that resolves a lawsuit the hedge fund had filed against the crypto firm last year in connection with the $19.3 billion Grayscale Bitcoin Trust.

Under the agreement, Grayscale will produce documents tied to the trust, which is known by its ticker GBTC, according to a Tuesday release. The December 2022 lawsuit sought information to investigate potential mismanagement and conflicts of interest at the trust, Bloomberg reported at the time.

GBTC trades at a discount to its underlying Bitcoin holdings. Fir Tree wanted to use the information ...