.Grayscale is facing more legal challenges
alleges that Grayscale's false advertising is the reason behind its dominance on the market, with a 99.5% share, leaving Osprey as the only other player.
The plaintiff claims that it has lost management fees and profits to its arch-rival as a result of these practices and is now seeking damages based on the fees and profits it missed out on. This lawsuit is the latest in a series of legal hurdles faced by Grayscale, with hedge fund Fir Tree filing a lawsuit against the asset manager over GBTC's discount, while Valkyrie launched an activist campaign to unseat Grayscale.
Despite these challenges, GBTC remains one of the largest and most popular Bitcoin funds on the market.
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