Grayscale is sufficient against Fir Tree because of proposed changes to the Bitcoin Trust

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Von: Krypto News Österreich

Grayscale, einer der führenden Vermögensverwalter für Kryptowährungen, hat eine Klage gegen die Investmentfirma Fir Tree Partners eingereicht. Der Grund für die Klage sind vorgeschlagene Änderungen an dem Grayscale Bitcoin Trust (GBTC), einem der bekanntesten Bitcoin-Investmentfonds. Laut Grayscale plant Fir Tree Partners, gewisse Maßnahmen zu ergreifen, um den Grayscale Bitcoin Trust effektiver zu machen und das Tracking des Bitcoin-Preises zu verbessern. Diese Änderungen könnten jedoch auch dazu führen, dass Grayscale den Trust in eine börsengehandelte Fondsstruktur konvertieren muss. Dies würde bedeutende steuerliche Auswirkungen für die Anleger haben. Grayscale hat sich entschieden, gegen diese vorgeschlagenen Änderungen vorzugehen, da sie der Meinung sind, …
Grayscale, one of the leading asset managers for cryptocurrencies, has filed a lawsuit against the investment company Fir Tree Partners. The reason for the lawsuit is proposed changes to the Grayscale Bitcoin Trust (GBTC), one of the best-known Bitcoin investment funds. According to Grayscale, Fir Tree Partners plans to take certain measures to make the Grayscale Bitcoin Trust more effective and improve the tracking of the Bitcoin price. However, these changes could also lead to Grayscale has to convert the trust into a stock market -traded fund structure. This would have significant tax effects for investors. Grayscale has decided to act against these proposed changes because they think ... (Symbolbild/KNAT)

Grayscale, one of the leading asset managers for cryptocurrencies, has filed a lawsuit against the investment company Fir Tree Partners. The reason for the lawsuit is proposed changes to the Grayscale Bitcoin Trust (GBTC), one of the best known Bitcoin investment funds.

According to Grayscale, Fir Tree Partners plans to take certain measures to make the Grayscale Bitcoin Trust more effective and improve the tracking of the Bitcoin price. However, these changes could also lead to Grayscale has to convert the trust into a stock market -traded fund structure. This would have significant tax effects for investors.

Grayscale has decided to take these proposed changes, since they believe that they could harm the interests of investors. The GrayScale Bitcoin Trust is currently one of the most popular ways for institutional investors to invest in Bitcoin because it protects them from the complex steps of direct acquisition and administration of the cryptocurrency.

The lawsuit of Grayscale against Fir Tree Partners is negotiated in front of the Supreme Court of the State of Delaware. A decision will be expected in the coming weeks.

It is important to note that the Grayscale Bitcoin Trust has already been supported by other crypto fund managers such as Bitwise and Valkyrie Digital Assets. These support the proposed changes from Fir Tree Partners and see it a potential benefit for investors.

Grayscale has a value of several billion dollars under administration and is known for his efforts to facilitate institutional investors access to cryptocurrencies. The lawsuit against Fir Tree Partners is another step in this endeavor to protect investors' interests and to make the market for cryptocurrencies more transparent.

investors and market observers are looking forward to the outcome of this lawsuit and the possible effects on the Grayscale Bitcoin Trust. It remains to be seen whether Grayscale will be successful and prevent the proposed changes or whether Fir Tree Partners will implement its plans and convert the trust into a stock market -traded fund structure.