Company: GBTC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000950170-25-062731
Chunk: 2

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 1
Chunk 2
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2025. On March 31, 2025, Osprey filed a Notice of Appeal of the summary judgment decision and the Court’s denial of the motion for reargument to the Connecticut Appellate Court. The Sponsor and the Trust believe that judgment was properly granted in their favor and intend to vigorously defend against any attempts to overturn the judgment.

As of the date of this Quarterly Report, the Sponsor does not expect the foregoing proceedings to have a material adverse effect on the Trust’s business, financial condition or results of operations.

The Sponsor and/or the Trust may be subject to additional legal proceedings and disputes in the future.