Grayscale and Osprey have reached a settlement on the Bitcoin ETF lawsuit

The digital asset management company Grayscale has reached a settlement with Osprey over legal disputes surrounding the marketing behavior of Bitcoin Trust ETF. Court documents show that both parties must complete the organization and execution of the settlement agreement within the next 45 days. The case originated from Osprey suing Grayscale in early 2023 for "misleading propaganda" during the promotion of GBTC's conversion to ETF, after which Grayscale was approved by SEC to convert to an ETF in 2024. The court had previously ruled in favor of Grayscale in February 2025, stating that the "Connecticut Unfair Trade Practices Act" cited by Osprey does not apply to securities cases. Details of the settlement have not been made public yet, and neither party has formally responded.