Osprey Bitcoin Trust is a closed-end Bitcoin fund, whose units trade at a discounted price to their BTC holdings. It has said that it wants to merge or sell itself to a bitcoin ETF.

In its announcement on Tuesday, the company stated that if the process fails, “it intends to liquidate the Trust and dissolve it within 180 days of today.”

Osprey Bitcoin Trust was well-known as a fierce competitor to Grayscale’s GBTC fund which, this year, converted into an ETF. Osprey even filed a lawsuit against Grayscale, claiming that the latter had deceptively claimed its ETF conversion as a foregone outcome.

Read more: Osprey’s Bitcoin Trust Steps Up in Race to Displace GBTC

Osprey has not responded to comments immediately.

Nick Baker is the editor.