Bitwise Consolidates Bitcoin ETF Market with Latest Acquisition

Bitwise Asset Management has purchased the Osprey Bitcoin Trust (OBTC), in a major development in the Bitcoin ETF market. The acquisition will transfer Osprey’s $120 million assets to the Bitwise Bitcoin ETF (BITB). Therefore, OBTC unitholders will get BITB shares, a strategic move for the two companies. Bitwise Acquires OBTC, Expands ETF Offerings The shareholders […] source: https://www.thecoinrepublic.com/2024/08/28/bitwise-consolidates-bitcoin-etf-market-with-latest-acquisition/