Hedge fund Fir Tree is suing crypto investment firm Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), in order to investigate potential mismanagement and conflicts of interest, according to a report from Bloomberg.

Fir Tree also wants Grayscale to resume redemptions and cut fees for the trust, which is the largest publicly-traded crypto fund in the world with $10.7 billion in assets. It allows U.S. investors to gain exposure to price movements of bitcoin without buying the asset itself.

(by Nelson Wang)