Grayscale has reached a settlement with hedge fund Fir Tree and will produce and provide GBTC trust-related documents.

According to a report from Bloomberg on July 12th, Grayscale Investments has reached an agreement with hedge fund Fir Tree Capital Management to settle a lawsuit related to its GBTC trust that was filed by the hedge fund last year. Under the agreement, Grayscale will produce documents related to the trust. Fir Tree hopes to use this information to encourage Grayscale to eliminate the trust's negative premium by reducing fees and restoring redemptions. As previously reported by BlockBeats, hedge fund Fir Tree Capital Management sued cryptocurrency investment company Grayscale Investments in December last year, demanding detailed information on GBTC to investigate potential mismanagement and conflicts of interest in the fund.