Osprey Funds, an investment management firm that is seeking to convert its Osprey Bitcoin Trust (OBTC) into an ETF following the termination of the Bitwise acquisition, said in a statement on January 14 that it would file a Form S-1 with a registration statement with the SEC "as soon as possible". According to the OBTC, the fund currently tracks the price of bitcoin without holding actual assets, with an AUM of $181 million.
Following the termination of the Bitwise acquisition deal, investment management firm Osprey Funds has announced plans to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF). In a statement on Jan. 14, the company said it would file a Form S-1 with the Securities Exchange Commission containing the registration statement "as soon as possible."
Osprey Bitcoin Trust (OBTC) promoter Osprey Funds has entered into an agreement with the Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, in which BITB will acquire all assets of the OBTC Fund. Previously, Osprey said in March that it was considering a sale or merger with a bitcoin ETF, among other strategic moves. Osprey must complete the sale or merger by September 1, 2024, or it will liquidate OBTC. Osprey Funds wrote in a press release: "As part of this transaction...
Osprey Bitcoin Trust (OBTC) 发起人 Osprey Funds 已与 Bitwise Bitcoin ETF (BITB) 和 Bitwise Asset Management 达成协议,其中 BITB 将收购 OBTC 基金的所有资产。 此前,Osprey 曾在今年3 月表示,该公司正在考虑出售或与比特币 ETF 合并,以及其他战略举措。Osprey 必须在 2024 年 9 月 1 日之前完成出售或合并,否则它将清算 OBTC。 Osprey Funds 在新闻稿中写道:“作为此次交易的一部...