Welcome to our dedicated page for Osprey Bitcoin news (Ticker: OBTC), a resource for investors and traders seeking the latest updates and insights on Osprey Bitcoin stock.
Osprey Bitcoin Trust (OBTC) generates news that centers on its structure as a Bitcoin‑focused statutory trust, its trading venue, and its regulatory and strategic developments. Press releases and regulatory disclosures show that the Trust has addressed issues such as trading discounts to the value of Bitcoin, tender offers for a portion of its outstanding units, and proposed changes to its registration and listing status.
In one announcement, the Trust reported that its units were trading at a discount to the value of Bitcoin and that the sponsor was exploring strategic alternatives to maximize unitholder value. These alternatives included discussions about a potential sale of the Trust to, or merger with, an existing Bitcoin ETF, and an indication that, if such talks did not conclude positively, the sponsor intended to liquidate and dissolve the Trust within a specified period. The same communication disclosed the Trust’s intention to file a Form 15 to terminate registration of its units under Section 12(g) of the Exchange Act, which would suspend certain periodic reporting obligations.
Other news items describe corporate actions such as a tender offer to purchase for cash up to 20% of the Trust’s outstanding units at net asset value, less applicable taxes and fees, and a subsequent announcement that this tender offer was terminated following discussions with SEC staff about the pricing structure. These releases provide detail on the tender mechanics, withdrawal rights, and the sponsor’s rationale for the offer.
More recent communications from Osprey Funds highlight regulatory initiatives to reshape OBTC’s structure, including the intent to file, and the submission of, a draft registration statement on Form S‑1 with the SEC to convert OBTC into an exchange‑traded fund. An earlier termination of an Asset Purchase and Contribution Agreement due to the absence of required regulatory approvals is also reported, along with a statement that the sponsor intends to update investors on strategic alternatives for OBTC.
Investors following OBTC news can expect coverage of topics such as registration statements, listing plans, trust agreement amendments, tender offers, and strategic reviews related to the Trust’s role as a Bitcoin‑tracking vehicle.
Osprey Funds has announced the submission of a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) to convert the Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF). The announcement was made in accordance with Rule 135 under the Securities Act of 1933 and explicitly states that it does not constitute an offer to sell or solicitation to buy securities. Any future securities transactions will be conducted in compliance with Securities Act registration requirements.
Osprey Funds has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF). The company plans to file a Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC) to facilitate this conversion as soon as practicable. The announcement is made in compliance with Rule 135 under the Securities Act of 1933 and does not constitute an offer to sell or solicitation to buy securities.
Osprey Funds announced the termination of its previously announced Asset Purchase and Contribution Agreement (APA) for the Osprey Bitcoin Trust (OBTC). The termination occurred because the parties failed to receive all necessary regulatory approvals by the December 31, 2024 deadline. The company stated it will provide investors with an update regarding strategic alternatives for OBTC at a later date.
Osprey Funds and Bitwise Asset Management have announced that the Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). As part of this transaction, OBTC unitholders will receive BITB shares in a liquidating distribution. The deal is intended to be tax-free for OBTC unitholders and provide a seamless transition to equivalently valued bitcoin exposure via BITB. This move follows Osprey's exploration of strategic alternatives to enhance unitholder value. The transaction is subject to customary closing conditions and is expected to close later this year. Further details will be disclosed in an upcoming SEC filing. Investors are cautioned that BITB carries high risk and potential for significant volatility.
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OTC Markets Group Inc (OTCM) announced the commencement of trading for the Osprey Bitcoin Trust (OBTC) on the OTCQX Best Market. OBTC is recognized as the lowest-priced publicly traded bitcoin fund globally, launched by Osprey Funds, LLC. The OTCQX Market is designed for investor-focused companies meeting high financial and governance standards, enhancing visibility for OBTC among U.S. investors. According to Greg King, CEO of Osprey Funds, this launch increases accessibility for investors across more trading platforms.
Osprey Funds has launched its inaugural offering, The Osprey Bitcoin Trust (OBTC), now publicly trading on the OTC market. This fund aims to track the CMBI Bitcoin Index, providing U.S. investors low-cost access to digital assets with an annual management fee of just 0.49%, the lowest in its category. CEO Greg King emphasized bitcoin's potential for long-term appreciation and portfolio diversification. OBTC's management team has extensive experience in the financial sector, while trusted service providers like Fidelity and Grant Thornton support the fund.
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