Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust.
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust. The Bitwise Bitcoin ETF (BITB) will soon add an additional $120 million of Bitcoin to its assets under management after acquiring the assets of the Osprey Bitcoin Trust (OBTC).
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*The year-to-date unit price of the Osprey Bitcoin Trust (OBTC) Source: Yahoo Finance* 

 The deal involves an asset purchase agreement where OBTC unitholders will receive shares of BITB as they liquidate their shares of OBTC. This transaction is subject to closing conditions and is expected to finalize later this year 

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