According to PANews on August 21, according to PR Newswire, Alameda, UTXO Management and Balch & Bingham LLP announced to join Alameda in the lawsuit against Grayscale, and launched GrayscaleLitigation.com to facilitate other holders to join the plaintiff. At present, Fir Tree Partners, Saba Capital, Owl Creek Asset Management, Aristides Capital, etc. have expressed interest in joining. It is reported that Alameda initiated the lawsuit in March this year, asking for a reduction in management fees and allowing redemptions. According to Grayscale, the effort cannot proceed unless existing shareholders who collectively own at least 10% of all of the trust's shares join a lawsuit as co-plaintiffs. Trust shareholders are encouraged to participate as co-plaintiffs by submitting information using the designated website, GrayscaleLitigation.com, by September 1, 2023. Balch & Bingham LLP is prepared to represent eligible shareholders in litigation at zero out-of-pocket fees. Earlier news, Alameda Research is calling more plaintiffs to join the company's lawsuit against Grayscale Investments (Grayscale Investments).

Odaily Planet Daily News Alameda Research, UTXO Management, and Balch & Bingham LLP launched GrayscaleLitigation.com, so that relevant parties can join Alameda's plaintiff camp against Grayscale lawsuits. Alameda filed the lawsuit in March, seeking lower management fees and allowing redemptions. According to Grayscale, the effort cannot proceed unless existing shareholders holding at least 10% of the trust's shares band together as co-plaintiffs in the lawsuit. It is reported that in addition to UTXO Management, Fir Tree Partners, Saba Capital, Owl Creek Asset Management, and Aristides Capital have all expressed interest in joining Alameda’s lawsuit as co-plaintiffs. (PR Newswire) Prior to the news on August 11, Alameda Research stated that it was calling more plaintiffs to join the company’s lawsuit against Grayscale Investments (Grayscale Investments), and more than 45 parties, including individuals, funds and family offices, have expressed their willingness to serve as additional plaintiffs participate. The motion adds that Alameda needs more time "to continue to call plaintiffs to participate with it." The court gave plaintiffs until Sept. 15 to respond to Grayscale's motion to dismiss.