The post Osprey Funds Aims to Transform Osprey Bitcoin Trust (OBTC) into ETF Following Bitwise Deal Termination appeared on BitcoinEthereumNews.com.

On January 15th, COINOTAG reported that Osprey Funds is pivoting after the abrupt cancellation of its acquisition agreement with Bitwise. The investment management firm is now focusing on transitioning the Osprey Bitcoin Trust (OBTC) into a Bitcoin ETF. In a public announcement made on January 14th, Osprey outlined plans to file a registration statement on Form S-1 with the U.S. SEC “promptly.” Presently, OBTC operates by tracking the price of Bitcoin without engaging in the direct acquisition of physical assets, boasting an impressive AUM of $181 million. This strategic move highlights the ongoing trend among asset managers to adapt to regulatory frameworks and investor demands for more accessible cryptocurrency investment vehicles, signalling a robust interest in compliance-driven innovation in the digital asset space. Source: https://en.coinotag.com/breakingnews/osprey-funds-aims-to-transform-osprey-bitcoin-trust-obtc-into-etf-following-bitwise-deal-termination/

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Filed under: News - @ January 15, 2025 3:26 am