FTX’s Alameda Research withdraws lawsuit against Grayscale Investments
Alameda Research, an affiliate of the now-defunct cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. This development follows the recent transformation of Grayscale’s Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The initial lawsuit, filed in March, revolved around allegations that over $9 billion in investor funds were trapped in GBTC, exacerbated by…