ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Osprey Funds Files Form 10 Registration Statement for Osprey Bitcoin Trust (OBTC)

July 8, 2021 GMT

TARRYTOWN, N.Y.--(BUSINESS WIRE)--Jul 8, 2021--

Osprey Funds, LLC, a premier digital asset investment firm, today announced that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (“SEC”) on behalf of the Osprey Bitcoin Trust (OBTC).

Once effective, OBTC will become an SEC reporting company with its shares registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This would make OBTC the second bitcoin investment vehicle in the U.S. to attain the status of an SEC reporting company — a key milestone in becoming a bitcoin ETF.

ADVERTISEMENT

Along with the approval, accredited investors who own or purchase shares from the Trust’s private placement would have an earlier liquidity opportunity as the required holding period of shares purchased through the private placement will be reduced from 12 months to 6 months, provided the other requirements under Rule 144 of the Securities Act of 1933, as amended (the “Securities Act”) have been satisfied.

Furthermore, the Trust will file its quarterly and annual reports as well as audited financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act.

OBTC is currently the lowest-priced publicly traded bitcoin fund in the U.S. with a management fee of just 0.49%. For more information, please refer to the Form 10 filing, or contact Osprey Funds at info@ospreyfunds.io.

About Osprey Funds

ADVERTISEMENT

Osprey Funds is the premier boutique digital asset investment firm. Based in New York, Osprey offers secure, transparent and cost-effective access to select digital assets via traditional investment vehicles. Learn more by visiting https://ospreyfunds.io/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210708005930/en/

CONTACT: Media inquiries:

Gregory FCA for Osprey Funds

Jill Fritz, 484-832-7034

osprey@gregoryfca.comInvestor inquiries:

Osprey Funds

IR@ospreyfunds.io

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: OTHER RETAIL INTERNET FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY ONLINE RETAIL RETAIL

SOURCE: Osprey Funds, LLC

Copyright Business Wire 2021.

PUB: 07/08/2021 04:48 PM/DISC: 07/08/2021 04:48 PM

http://www.businesswire.com/news/home/20210708005930/en