Osprey Bitcoin Trust (OBTC)

[Tenured]

It’s newly available to public now(not just accredited investors). High demand, people thinking it should be equal to or greater than the price GBTC ($50) which has a lower percentage of BTC per share but higher number of bitcoins in trust. It will correct itself at some point. Gbtc traded at a 40% premium forever until split happened 3 years ago.

If your are swing trading you might be safe getting in and out but jf you are seriously
Long term then you mag see this correct to a value closer to its NAV.

Other crypto stock suffer the same plight. Initially very high price to nav but a correction occurs.