Osprey Funds is the latest digital assets-focused investment manager vying to take over management of Grayscale’s bitcoin trust (GBTC) as public pressure against the troubled vehicle continues to mount.

DCG is the parent company of Grayscale Investments, which has operated GBTC since its 2013 launch. The trust now has roughly $12 billion in assets and imposes a 2% management fee — increasingly called out as unreasonable by the standards of passive crypto products.

If appointed as GBTC’s manager, Osprey — which operates its own bitcoin trust — would slash GBTC’s management fee by roughly 75% to 0.49% a year.GBTC has been trading at a nearly 40% discount to its net asset value (NAV) this week, according to YCharts.com.

Grayscale sued the SEC in June after the regulator denied its proposal to convert GBTC to an ETF, an ongoing legal dispute. The company has said converting GBTC to an ETF would accomplish what GBTC shareholders have pined for: the ability of Grayscale to simultaneously create and redeem shares. The move would curtail GBTC’s immense discount to its underlying bitcoins.