Thursday, February 18, 2021 7:37:30 PM
Press Release | 02/16/2021
Osprey Funds, LLC announced today that its inaugural offering – The Osprey Bitcoin Trust (OBTC) – has commenced trading publicly via the OTC market. The fund is now accessible to all U.S. investors through traditional brokerage and IRA accounts.
Seeking to track the CMBI Bitcoin Index, OBTC provides better access to digital assets with secure, transparent, and low-cost exposure. It has an annual management fee of just 0.49%, making it the lowest-priced publicly traded bitcoin fund in the world.
“As a fiduciary-minded organization, we believe bitcoin deserves a place in every investment portfolio, but at a reasonable price,” said Greg King, CEO of Osprey. “Not only does bitcoin have immense long-term appreciation potential, it also provides portfolio diversification given its low correlation to equities. By bringing OBTC to the market, we are delivering value to advisors and investors by broadening their access to bitcoin but priced more like an ETF, rather than a hedge fund.”
OBTC is backed by experts at Osprey who have invested in bitcoin since 2013 and who have launched over 100 exchange-traded products (ETFs and ETNs) throughout their careers. Members of the management team built their experience at firms such as Barclays, Credit Suisse, Citi, Global X Funds, J.P. Morgan, and PIMCO. OBTC is further supported by best-in-class service providers, including Fidelity Digital Assets as custodian, Grant Thornton as auditor, and Coin Metrics as index provider.
For more information on OBTC or Osprey, please click here.
About Osprey Funds, LLC
Osprey Funds, LLC (Osprey) offers common sense solutions to digital asset investing. Based in Tarrytown, New York, Osprey is dedicated to building better investment products that offer secure, transparent, and cost-effective access to digital assets. The Osprey Bitcoin Trust, OBTC, is the lowest-cost publicly traded bitcoin-focused investment product in the world. Learn more by visiting https://ospreyfunds.io/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210216005811/en/
Recent OBTC News
- BTC Plunges Post-Record High; Deutsche Boerse Launches Crypto Platform, and More • IH Market News • 03/05/2024 06:57:17 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 03/05/2024 01:53:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 01:52:23 PM
- Form SC TO-I/A - Tender offer statement by Issuer: [Amend] • Edgar (US Regulatory) • 01/26/2024 10:30:34 PM
- Form SC TO-I/A - Tender offer statement by Issuer: [Amend] • Edgar (US Regulatory) • 01/23/2024 10:06:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 10:00:46 PM
- Form SC TO-I/A - Tender offer statement by Issuer: [Amend] • Edgar (US Regulatory) • 01/16/2024 11:02:43 AM
- Form SC TO-I - Tender offer statement by Issuer • Edgar (US Regulatory) • 01/11/2024 11:55:19 AM
- Form SC TO-C - Written communication relating to an issuer or third party • Edgar (US Regulatory) • 01/11/2024 11:53:12 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 11:51:51 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/03/2023 04:00:31 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM