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#BitwiseBitcoinETF Bitwise Bitcoin ETF (BITB) has announced that it is acquiring Osprey Bitcoin Trust (OBTC).
The deal, revealed in a joint statement on Tuesday, will see OBTC investors receiving BITB shares as part of its liquidating distribution.
OBTC was launched in February 2021 and has been a smaller competitor in the market with $120 million in assets management.
With this acquisition, OBTC investors will benefit from lower fees—0.2% with BITB compared to 0.49% with OBTC. Additionally, they will experience more accurate tracking of Bitcoin’s price, as BITB tends to follow Bitcoin’s value more closely than OBTC did.
For those who already hold BITB shares, there will be no changes to their investments or the fund’s operation.
This acquisition is part of Bitwise’s broader plan to grow its presence in the competitive Bitcoin ETF market, where it competes with big names like BlackRock, Fidelity, and Grayscale.
Recently, Bitwise expanded into Europe by acquiring the London-based ETC Group, which offers similar crypto investment products. This expansion brings Bitwise’s total assets under management to $4.5 billion, further establishing its influence in the global crypto market.
OBTC investors, who previously saw their shares sometimes drift away from Bitcoin’s actual price, will now benefit from BITB’s price tracking.
Over the past month, OBTC shares dropped by 4.27%, while Bitcoin itself fell by 9.34%. BITB, on the other hand, was down 8.56%, showing a closer alignment with Bitcoin’s price movements.
The deal, revealed in a joint statement on Tuesday, will see OBTC investors receiving BITB shares as part of its liquidating distribution.
OBTC was launched in February 2021 and has been a smaller competitor in the market with $120 million in assets management.
With this acquisition, OBTC investors will benefit from lower fees—0.2% with BITB compared to 0.49% with OBTC. Additionally, they will experience more accurate tracking of Bitcoin’s price, as BITB tends to follow Bitcoin’s value more closely than OBTC did.
For those who already hold BITB shares, there will be no changes to their investments or the fund’s operation.
This acquisition is part of Bitwise’s broader plan to grow its presence in the competitive Bitcoin ETF market, where it competes with big names like BlackRock, Fidelity, and Grayscale.
Recently, Bitwise expanded into Europe by acquiring the London-based ETC Group, which offers similar crypto investment products. This expansion brings Bitwise’s total assets under management to $4.5 billion, further establishing its influence in the global crypto market.
OBTC investors, who previously saw their shares sometimes drift away from Bitcoin’s actual price, will now benefit from BITB’s price tracking.
Over the past month, OBTC shares dropped by 4.27%, while Bitcoin itself fell by 9.34%. BITB, on the other hand, was down 8.56%, showing a closer alignment with Bitcoin’s price movements.
#CryptoETFMania Bitwise Bitcoin ETF (BITB) has announced that it is acquiring Osprey Bitcoin Trust (OBTC).
The deal, revealed in a joint statement on Tuesday, will see OBTC investors receiving BITB shares as part of its liquidating distribution.
OBTC was launched in February 2021 and has been a smaller competitor in the market with $120 million in assets management.
With this acquisition, OBTC investors will benefit from lower fees—0.2% with BITB compared to 0.49% with OBTC. Additionally, they will experience more accurate tracking of Bitcoin’s price, as BITB tends to follow Bitcoin’s value more closely than OBTC did.
For those who already hold BITB shares, there will be no changes to their investments or the fund’s operation.
This acquisition is part of Bitwise’s broader plan to grow its presence in the competitive Bitcoin ETF market, where it competes with big names like BlackRock, Fidelity, and Grayscale.
Recently, Bitwise expanded into Europe by acquiring the London-based ETC Group, which offers similar crypto investment products. This expansion brings Bitwise’s total assets under management to $4.5 billion, further establishing its influence in the global crypto market.
OBTC investors, who previously saw their shares sometimes drift away from Bitcoin’s actual price, will now benefit from BITB’s price tracking.
Over the past month, OBTC shares dropped by 4.27%, while Bitcoin itself fell by 9.34%. BITB, on the other hand, was down 8.56%, showing a closer alignment with Bitcoin’s price movements.
The deal, revealed in a joint statement on Tuesday, will see OBTC investors receiving BITB shares as part of its liquidating distribution.
OBTC was launched in February 2021 and has been a smaller competitor in the market with $120 million in assets management.
With this acquisition, OBTC investors will benefit from lower fees—0.2% with BITB compared to 0.49% with OBTC. Additionally, they will experience more accurate tracking of Bitcoin’s price, as BITB tends to follow Bitcoin’s value more closely than OBTC did.
For those who already hold BITB shares, there will be no changes to their investments or the fund’s operation.
This acquisition is part of Bitwise’s broader plan to grow its presence in the competitive Bitcoin ETF market, where it competes with big names like BlackRock, Fidelity, and Grayscale.
Recently, Bitwise expanded into Europe by acquiring the London-based ETC Group, which offers similar crypto investment products. This expansion brings Bitwise’s total assets under management to $4.5 billion, further establishing its influence in the global crypto market.
OBTC investors, who previously saw their shares sometimes drift away from Bitcoin’s actual price, will now benefit from BITB’s price tracking.
Over the past month, OBTC shares dropped by 4.27%, while Bitcoin itself fell by 9.34%. BITB, on the other hand, was down 8.56%, showing a closer alignment with Bitcoin’s price movements.
$BNB BNB Price Prediction 2025
There is a possibility that BNB can break through the $1,784.73 barrier and hold the market by the end of 2025.The lowest BNB price will be between $1,513.49 to $1,784.73, and the most likely BNB price will be steady at around $1,764.23 by the end of 2025.Despite BNB's wild swings in value and the controversy surrounding its environmentally unfriendly energy usage, billionaire venture capitalist Tim Draper is sticking to his prediction that BNB will reach $1,784.73 by the end of 2025 or early 2025.
There is a possibility that BNB can break through the $1,784.73 barrier and hold the market by the end of 2025.The lowest BNB price will be between $1,513.49 to $1,784.73, and the most likely BNB price will be steady at around $1,764.23 by the end of 2025.Despite BNB's wild swings in value and the controversy surrounding its environmentally unfriendly energy usage, billionaire venture capitalist Tim Draper is sticking to his prediction that BNB will reach $1,784.73 by the end of 2025 or early 2025.
#Crypto2025Trends What Is The Most Impactful Crypto Trend Coming In 2025? The most transformative trends include institutional adoption of Bitcoin ETFs, the mainstream rollout of CBDCs to enhance financial inclusion and the rapid rise of green crypto projects aligning blockchain innovation with global sustainability goals.
#ReboundRally A rebound rally is a short-term recovery in a market after a period of decline. It can occur in a stock, the stock market, or the economy as a whole:
Stocks
A rebound rally occurs when the price of a stock or the stock market recovers after a selloff.
Economy
A rebound rally occurs when economic activity increases after a recession or other period of decline.
Companies
A rebound rally occurs when a company reports strong earnings or launches a successful product after a period of losses.
A rebound rally can be a short-term reversal from oversold conditions. However, some experts caution against reading too much into a rebound rally, as the market may still face challenges.
Stocks
A rebound rally occurs when the price of a stock or the stock market recovers after a selloff.
Economy
A rebound rally occurs when economic activity increases after a recession or other period of decline.
Companies
A rebound rally occurs when a company reports strong earnings or launches a successful product after a period of losses.
A rebound rally can be a short-term reversal from oversold conditions. However, some experts caution against reading too much into a rebound rally, as the market may still face challenges.