Bitwise Asset Management and Osprey Funds have announced that the Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC)
Bitwise Asset Management and Osprey Funds have announced that the Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC).
The acquisition involves approximately $120 million worth of Bitcoin held by the Osprey Bitcoin Trust. As part of the agreement, holders of Osprey Bitcoin Trust units will receive Bitwise Bitcoin ETF shares of equivalent value.
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Source: https://thedefiant.io/news/tradfi-and-fintech/bitwise-bitcoin-etf-to-acquire-osprey-bitcoin-trust-s-120-million-assets