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Bitcoin
Bitcoin (BTC)
$64,523.00 -0.55423
Bitcoin price
Ethereum
Ethereum (ETH)
$3,415.85 -1.41393
Ethereum price
BNB
BNB (BNB)
$572.69 -0.80216
BNB price
Solana
Solana (SOL)
$156.37 -3.56236
Solana price
XRP
XRP (XRP)
$0.6213640 6.86437
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000188 -3.61713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.57356
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.48292
Bonk price
Bitcoin
Bitcoin (BTC)
$64,523.00 -0.55423
Bitcoin price
Ethereum
Ethereum (ETH)
$3,415.85 -1.41393
Ethereum price
BNB
BNB (BNB)
$572.69 -0.80216
BNB price
Solana
Solana (SOL)
$156.37 -3.56236
Solana price
XRP
XRP (XRP)
$0.6213640 6.86437
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000188 -3.61713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.57356
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.48292
Bonk price
Bitcoin
Bitcoin (BTC)
$64,523.00 -0.55423
Bitcoin price
Ethereum
Ethereum (ETH)
$3,415.85 -1.41393
Ethereum price
BNB
BNB (BNB)
$572.69 -0.80216
BNB price
Solana
Solana (SOL)
$156.37 -3.56236
Solana price
XRP
XRP (XRP)
$0.6213640 6.86437
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000188 -3.61713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.57356
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.48292
Bonk price

Osprey Bitcoin Trust aims to merge, may be sold to existing Bitcoin ETF

osprey-bitcoin-trust-sale-merger
Edited by
News
Osprey Bitcoin Trust aims to merge, may be sold to existing Bitcoin ETF

Osprey Bitcoin Trust, a Delaware statutory trust, has acknowledged that its units are trading at a discount to Bitcoin’s value.

The trust’s sponsor, Osprey Funds, LLC, is exploring strategic options to enhance unitholder value, including a potential sale or merger with a Bitcoin ETF.

If unsuccessful, the sponsor plans to liquidate the trust within 180 days. Additionally, the trust intends to terminate the registration of its units under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC.

This will suspend its obligation to file specific reports. The trust expects deregistration to become effective 90 days after filing. While quoted on the OTCQX, the Trust will adhere to its alternative reporting standard.

Osprey Bitcoin Trust emerged as a competitor to the larger GBTC fund managed by Grayscale, which recently transitioned into an ETF. Osprey initiated legal action against Grayscale, alleging deceptive claims regarding the certainty of its ETF conversion.