Odaily Planet Daily News: Osprey Funds, the sponsor of Osprey Bitcoin Trust (OBTC), has reached an agreement with Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, and BITB will acquire all assets of the OBTC fund. Osprey said in March that the company was considering selling or merging with the Bitcoin ETF and other strategic moves. Osprey must complete the sale or merger by September 1, 2024, otherwise it will liquidate OBTC. "As part of this transaction, OBTC unit holders will receive BITB shares as part of the OBTC liquidation distribution," Osprey Funds wrote in a press release. For existing BITB holders, there will be no changes to their shares, and there will be no changes to BITB's operations." Prior to BITB's acquisition of OBTC, Bitwise acquired ETC Group, the issuer of London's crypto exchange-traded products, on August 19. (The Block)