{"id":27895,"date":"2024-08-28T14:30:05","date_gmt":"2024-08-28T11:30:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27895"},"modified":"2024-08-28T11:59:16","modified_gmt":"2024-08-28T08:59:16","slug":"bitwise-bitb-acquires-osprey-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/","title":{"rendered":"BITwise BITB Acquires Osprey Bitcoin Trust"},"content":{"rendered":"<p><strong>BITwise Bitcoin ETF (BITB)<\/strong> and Bitwise Asset Management have signed an agreement wherein <strong>BITB<\/strong> will acquire all of the assets of the Osprey Bitcoin Trust (OBTC).<\/p>\n<p>The action follows Osprey&#8217;s announcement in March of this year that it was contemplating a possible sale or merger with a bitcoin ETF, among other strategic moves. Osprey would have liquidated OBTC; otherwise, it had until Sept. 1, 2024, to finish the sale or merger.<\/p>\n<p><em>&#8220;As part of this transaction, OBTC unitholders will receive shares of <strong>BITB<\/strong> as part of a liquidating distribution of OBTC. For existing <strong>BITB<\/strong> holders, there will be no changes to their shares or any changes to the operation of <strong>BITB<\/strong>,&#8221;<\/em> Osprey Funds <a href=\"https:\/\/www.businesswire.com\/news\/home\/20240827146280\/en\/Osprey-Funds-and-Bitwise-Asset-Management-Announce-the-Bitwise-Bitcoin-ETF-to-Acquire-the-Assets-of-the-Osprey-Bitcoin-Trust\">stated<\/a>.<\/p>\n<p>After Bitwise acquired the London-based crypto exchange-traded products issuer ETC Group on Aug. 19, <strong>BITB<\/strong> acquired OBTC. On Aug. 26, 2024, <strong>BITB<\/strong> attracted daily trading volume of $55.95 million. Bitwise&#8217;s fund keeps 4.69% of the whole spot Bitcoin ETF market share.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BITwise Bitcoin ETF (BITB) and Bitwise Asset Management have signed an agreement wherein BITB will acquire all of the assets of the Osprey Bitcoin Trust (OBTC). The action follows Osprey&#8217;s announcement in March of this year that it was contemplating a possible sale or merger with a bitcoin ETF, among other strategic moves. Osprey would<\/p>\n","protected":false},"author":6,"featured_media":27896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6162,1149,7415,8249],"class_list":["post-27895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitb","tag-bitwise","tag-bitwise-bitb","tag-osprey-bitcoin-trust"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"BITwise Bitcoin ETF (BITB) and Bitwise Asset Management have signed an agreement wherein BITB will acquire all of the assets of the Osprey Bitcoin Trust (OBTC). The action follows Osprey&#8217;s announcement in March of this year that it was contemplating a possible sale or merger with a bitcoin ETF, among other strategic moves. Osprey would\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-28T11:30:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-28T08:59:16+00:00\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/\",\"name\":\"BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif\",\"datePublished\":\"2024-08-28T11:30:05+00:00\",\"dateModified\":\"2024-08-28T08:59:16+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif\",\"width\":1200,\"height\":675,\"caption\":\"BITwise BITB\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BITwise BITB Acquires Osprey Bitcoin Trust\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/","og_locale":"en_US","og_type":"article","og_title":"BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer","og_description":"BITwise Bitcoin ETF (BITB) and Bitwise Asset Management have signed an agreement wherein BITB will acquire all of the assets of the Osprey Bitcoin Trust (OBTC). The action follows Osprey&#8217;s announcement in March of this year that it was contemplating a possible sale or merger with a bitcoin ETF, among other strategic moves. Osprey would","og_url":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/","og_site_name":"Coin Engineer","article_published_time":"2024-08-28T11:30:05+00:00","article_modified_time":"2024-08-28T08:59:16+00:00","author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/","url":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/","name":"BITwise BITB Acquires Osprey Bitcoin Trust - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif","datePublished":"2024-08-28T11:30:05+00:00","dateModified":"2024-08-28T08:59:16+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1704924328-seo-1920x1080-1.avif","width":1200,"height":675,"caption":"BITwise BITB"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/bitwise-bitb-acquires-osprey-bitcoin-trust\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"BITwise BITB Acquires Osprey Bitcoin Trust"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=27895"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27895\/revisions"}],"predecessor-version":[{"id":27901,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27895\/revisions\/27901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/27896"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=27895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=27895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=27895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}