đ Big Moves in Bitcoin! đ
Bitwise Bitcoin ETF (BITB) is about to get a $120M Bitcoin boost! đ Bitwise Asset Management and Osprey Funds have inked a deal to transfer assets from Osprey Bitcoin Trust (OBTC) to BITB.
- OBTC unitholders will swap their shares for BITB shares.
- Deal expected to close later this year.
- OBTC has been trading at a discount, while BITB trades closer to Bitcoin's value.
Osprey CEO Greg King says, "This is the best option for everyone."
What do you think of this move? Share your thoughts below! đ
#Bitcoin #CryptoNews #ETF