On August 21st, Alameda Research, UTXO Management, and Balch & Bingham LLP launched GrayscaleLitigation.com to allow interested parties to join Alameda's plaintiff camp against Grayscale's lawsuit. Alameda initiated the lawsuit in March this year, demanding a reduction in management fees and allowing redemptions. According to Grayscale, unless existing shareholders holding at least 10% of the trust unite as joint plaintiffs, this effort cannot proceed. It is reported that, in addition to UTXO Management, Fir Tree Partners, Saba Capital, Owl Creek Asset Management, and Aristides Capital have expressed interest in joining Alameda's lawsuit as joint plaintiffs.
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Fir Tree Partners, Saba Capital and other institutions intend to join Alameda's lawsuit against Grayscale
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