According to Reuters, the bankrupt FTX subsidiary Alameda Research announced the withdrawal of the lawsuit against Grayscale Investments. It is reported that Alameda Research had accused Grayscale of "seeking profits at the expense of shareholders". According to the lawsuit filed by Alameda in the Delaware court last March, the company claimed that Grayscale charged too much and refused to let investors redeem shares from its two crypto trusts (GBTC and Grayscale Ethereum Trust). As of now, Grayscale has not responded to Hong Kong's request for comment.