Grayscale Investments and Osprey Funds have settled their protracted legal dispute regarding marketing practices related to Bitcoin ETFs. A Connecticut court filing on April 9 indicated that after Osprey appealed a ruling favoring Grayscale, both parties reached an agreement, now needing 45 days to finalize settlement documentation. The dispute began when Osprey accused Grayscale of misleading investors about its Bitcoin Trust's conversion to an ETF, claiming violations of Connecticut's Unfair Trade Practices Act. The case intensified after Grayscale received SEC approval to convert its Bitcoin Trust to an ETF in January 2024. Superior Court Judge Mark Gould had ruled in favor of Grayscale earlier in February 2025, stating that the unfair trade practices law did not apply to securities cases. Financial terms of the settlement have not been disclosed, and it's unclear if either party admitted liability. Grayscale and Osprey have yet to comment publicly on the settlement arrangement.

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