Hedge fund Fir Tree has reached an agreement with Grayscale to withdraw the previous lawsuit

ChainCatcher news, according to Bloomberg, hedge fund Fir Tree has reached an agreement with Grayscale, withdrawing its lawsuit against Grayscale and stating that it still believes Grayscale can and should conduct a tender offer. Redeeming the issued GBTC would allow holders to recover billions of dollars in value, which would be a win-win solution.

Previous report, last December Fir Tree sued Grayscale for details about its flagship product, Grayscale Bitcoin Trust (GBTC), hoping Grayscale would lower fees and restore redemptions to address its trading discount issue. (Source link)