Legal Proceedings
−Removed: The Manager or former Co-Manager of the Fund until May 3, 2025, as applicable, was a party to certain legal proceedings during the period covered by this report.
+Added: Grayscale Operating, LLC, the former Co-Manager of the Fund until May 3, 2025, was a party to certain legal proceedings during the period covered by this report.
Although the Fund is not a party to these proceedings, the Fund may in the future be subject to legal proceedings or disputes.
−Removed: On January 30, 2023, Osprey Funds, LLC (“Osprey”) filed a suit in Connecticut Superior Court against the Manager alleging that statements the Manager made in its advertising and promotion of Grayscale Bitcoin Trust ETF violated the Connecticut Unfair Trade Practices Act (“CUTPA”), and seeking statutory damages and injunctive relief.
−Removed: On April 17, 2023, the Manager filed a motion to dismiss the complaint and, following briefing, a hearing on the motion to dismiss was held on June 26, 2023.
−Removed: On October 23, 2023, the Court denied the Manager’s motion to dismiss.
−Removed: On November 6, 2023, the Manager filed a motion for reargument of the Court’s order denying the Manager’s motion to dismiss.
−Removed: On November 16, 2023, Osprey filed an opposition to the Manager’s motion for reargument, and on November 30, 2023, the Manager filed a reply in further support of its motion for reargument.
−Removed: On March 11, 2024, the Court denied the Manager’s motion for reargument.
−Removed: On March 25, 2024, the Manager filed an application for interlocutory appeal.
−Removed: On March 28, 2024, Osprey filed an opposition to the Manager’s application for interlocutory appeal.
−Removed: On April 1, 2024, the Court denied the Manager’s application for interlocutory appeal.
−Removed: On April 10, 2024, Osprey filed a motion to amend the complaint.
−Removed: The amended complaint went into effect on April 25, 2024.
−Removed: A scheduling order was entered by the Court with trial scheduled to begin on July 15, 2025.
−Removed: On July 31, 2024, the Manager filed a motion to strike the amended complaint.
−Removed: On August 30, 2024, Osprey filed an opposition to the Manager’s motion to strike the amended complaint.
−Removed: On October 11, 2024, the Court denied the Manager’s motion to strike.
−Removed: On November 22, 2024, the Manager filed a motion for summary judgment on the grounds that CUTPA does not apply to practices undertaken in connection with the purchase and sale of securities, and the Court granted the Manager’s motion for summary judgment on February 7, 2025.
−Removed: On February 10, 2025, Osprey filed a motion for reargument, and the Court denied Osprey’s motion for reargument on March 19, 2025.
−Removed: On March 31, 2025, Osprey filed a notice of appeal of the summary judgment decision and the Court’s denial of the motion for reargument to the Connecticut Appellate Court.
−Removed: On May 12, 2025, Osprey withdrew the action and the appeal.
−Removed: On May 19, 2025, Genesis Global Capital, LLC (“Genesis Capital”) and Genesis Asia Pacific Pte.
+Added: On May 19, 2025, Genesis Capital and Genesis Asia Pacific Pte.
(“Genesis Asia”) filed a complaint in the United States Bankruptcy Court for the Southern District of New York (“SDNY Bankruptcy Court”) against Digital Currency Group, Inc.
−Removed: (“DCG”) and certain of its affiliates including GSO alleging that Genesis Capital made certain preferential transfers to GSI, the predecessor in interest to GSO prior to the Merger, during the preference period prior to Genesis Capital’s filing of a bankruptcy petition in SDNY Bankruptcy Court while GSI was allegedly an insider to Genesis Capital pursuant to 11 U.S.C.
+Added: (“DCG”) and certain of its affiliates including GSO alleging that Genesis Capital made certain preferential transfers to GSI, the predecessor in interest to GSO prior to the merger of Grayscale Investments, LLC with and into Grayscale Operating, LLC, with Grayscale Operating, LLC continuing as the surviving company (the “Merger,”), during the preference period prior to Genesis Capital’s filing of a bankruptcy petition in SDNY Bankruptcy Court while GSI was allegedly an insider to Genesis Capital pursuant to 11 U.S.C.
Genesis Capital seeks to avoid the alleged preferential transfers pursuant to 11 U.S.C.
§ 547(b), as well as recovery of property and disallowance of claims.
+Added: Genesis Capital is seeking to avoid transfers to GSI, the predecessor in interest to GSO prior to the Merger, of 105 Bitcoin and 37,647.06 Ethereum Classic tokens.
GSO believes this lawsuit is without merit and intends to vigorously defend against it.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.