Bitwise Bitcoin ETF to Acquire All Assets of Osprey Bitcoin Trust
2024-08-28 13:51:43 Primitive Reading

　According to The Block, on August 28th, Osprey Funds, the initiator of Osprey Bitcoin Trust (OBTC), has reached an agreement with Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management. BITB will acquire all assets of OBTC fund. In March of this year, Osprey stated that it was considering other strategic measures such as selling or merging with Bitcoin ETF. Osprey must complete the sale or merger before September 1, 2024, otherwise it will liquidate OBTC. As part of this transaction, OBTC shareholders will receive BITB shares as part of the OBTC liquidation distribution. For existing BITB holders, their shares will not change and the operation of BITB will not change. Prior to BITB's acquisition of OBTC, Bitwise had already acquired ETC Group, a cryptocurrency ETP issuer headquartered in London, on August 19th. Data shows that BITB's assets account for 4.69% of the Bitcoin spot ETF market.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

Amazon Finance
Voices from the Amazon rainforest
Recommended reading
Argentina’s Ministry of Education Partners with ETH Kipu to Incorporate Ethereum and Blockchain Knowledge into High School Curriculum

10-22     admin     18502 Reading
Vitalik transferred about 200 ETH to a multi-signature address

10-22     admin     18232 Reading
A whale has lost $130,000 by going long on ETH in Aave in the past 4 hours

10-22     admin     19145 Reading
Nigeria's Quidax Becomes First Crypto Exchange to Receive Provisional License from Regulators

10-22     admin     6333 Reading
Trump to appoint Kennedy Jr. and Tulsi Gabbard as co-chairs of his transition team

10-22     admin     8824 Reading
Ronin: Cross-chain bridge security audit completed, expected to reopen within 10 days

10-22     admin     18567 Reading
$26 billion in BTC and ETH outflows on CEXs so far this year

10-22     admin     12460 Reading
ARKB had a net outflow of $102 million yesterday.

10-22     admin     10958 Reading
PayPal’s stablecoin PYUSD market cap exceeds $1 billion

10-22     admin     7296 Reading
Data: BTC falls below $62,000

10-22     admin     16460 Reading
Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

10-22     admin     10024 Reading
CME Group to Launch Bitcoin Friday Futures on September 30

10-22     admin     16583 Reading
Argentina’s Ministry of Education Partners with ETH Kipu to Incorporate Ethereum and Blockchain Knowledge into High School Curriculum

10-22     admin     18502 Reading
Elon Musk: X platform is to support everyone to express their opinions, even those I disagree with

10-22     admin     10389 Reading
FTX cold wallet transfers 240,200 mSOL to Coinbase Prime, equivalent to approximately $46.3 million

10-22     admin     12898 Reading

Copyright © Amazon Finance