Grayscale Investments LLC will hand over internal files to end two lawsuits by hedge funds seeking more information about its multibillion-dollar Grayscale Bitcoin Trust, according to court filings.

The funds dropped their parallel cases Thursday, saying they had settled in exchange for documents from the cryptocurrency-focused asset management giant, which is owned by Barry Silbert’s Digital Currency Group. The lawsuits demanded company records under a Delaware law giving investors broad document access if they have credible but preliminary suspicions of wrongdoing.

The filings followed about a week after the Chapter 11 bankruptcy estate of Alameda Research Ltd.—the trading arm of …