Osprey Bitcoin Trust (OBTC)

Back in November, Osprey Funds announced its intention to list the Osprey Bitcoin Trust on the over-the-counter market, essentially indicating the company’s desire to make it available to the retail investor.

This week, it officially happened.

The Osprey Bitcoin Trust (OBTC) has begun trading, effectively announcing its intention to take on the $33 billion Grayscale Bitcoin Trust (GBTC) by competing on price.

GBTC, which has been the vehicle of choice for those wishing to add bitcoin exposure to their portfolios without going through the process of establishing a cryptocurrency wallet, currently charges a 2% annual fee. OBTC is listed at just 0.49%, making it a substantially cheaper option.

Source link

Leave a Reply

Your email address will not be published.