Thursday, April 15, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Trade News Today
Advertisement
  • Home
  • Trade News
    • All
    • Business
    • Cryptocurrency
    • Dow Jones
    Gold Trades Lower Within A Narrow Trading Range

    Gold Trades Lower Within A Narrow Trading Range

    Coronavirus live updates: Governments struggle to maintain vaccination drives as

    Coronavirus live updates: Governments struggle to maintain vaccination drives as

    Dogecoin is Worth 10 Cents. Is Elon Musk’s Favorite Meme Cryptocurrency the Next

    Dogecoin is Worth 10 Cents. Is Elon Musk’s Favorite Meme Cryptocurrency the Next

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    Dell Plans Spinoff of $52 Billion Stake in VMware — Update

    World of Asphalt Named to “Fastest 50” Growing Trade Show List

    World of Asphalt Named to “Fastest 50” Growing Trade Show List

    Dr. Anthony Fauci on what the Johnson & Johnson vaccine reactions could mean for

    Dr. Anthony Fauci on what the Johnson & Johnson vaccine reactions could mean for

    Bitcoin (BTC USD) Cryptocurrency Price ETF Rush Gains Momentum in the US

    Bitcoin (BTC USD) Cryptocurrency Price ETF Rush Gains Momentum in the US

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    U.S. Stocks Edge Higher After S&P 500 Hits Record

    Top 1st-Quarter Trades of the Tweedy Browne Global Value Fund

    Top 1st-Quarter Trades of the Tweedy Browne Global Value Fund

    • Business
    • Dow Jones
    • Cryptocurrency
  • Investing
    • All
    • Automobiles
    • Diamonds
    • Gold
    • Oil & Gas
    • Real Estate
    with COVID-19 Impact Analysis – SoccerNurds

    with COVID-19 Impact Analysis – SoccerNurds

    Urban oil drilling harms lung function in L.A. residents living near wells

    Urban oil drilling harms lung function in L.A. residents living near wells

    U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand

    U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand

    A Time-Tested Active Approach to Capture the Growth of the Future

    A Time-Tested Active Approach to Capture the Growth of the Future

    Jim Cramer on DoorDash, Airbnb, Palantir and other top IPOs from 2020

    Jim Cramer on DoorDash, Airbnb, Palantir and other top IPOs from 2020

    Vaccine pause could worsen ‘hesitancy’ problem

    Vaccine pause could worsen ‘hesitancy’ problem

    MACKINAC INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick

    MACKINAC INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick

    Groups want federal oil and gas leasing reform » Albuquerque Journal

    Groups want federal oil and gas leasing reform » Albuquerque Journal

    Who’s being left out of Austin’s residential boom?

    Who’s being left out of Austin’s residential boom?

    • Real Estate
    • Diamonds
    • Gold
    • Oil & Gas
    • Automobiles
  • Forex Analytics
    • All
    • Central Bank Views
    • Market Overviews

    Foreign Currency Exchange Software Market 2021 Predictable to Witness

    Monetary policy frameworks and central bank market operations

    Rethinking the ECB’s strategy in the world of low rates

    Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have

    Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have

    Kiwi Shoots Higher as RBNZ Appears Less Concerned about its Rise

    Kiwi Shoots Higher as RBNZ Appears Less Concerned about its Rise

    Monetary policy frameworks and central bank market operations

    Sabine Mauderer: Sustainable finance – political efforts and mature markets

    Jacksonville University Launches New Master of Science in Medical Sciences to

    Jacksonville University Launches New Master of Science in Medical Sciences to

    After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

    After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

    Webinar: Digital Marketer’s Dilemma: Find the Right Way to Balance Compliance

    Webinar: Digital Marketer’s Dilemma: Find the Right Way to Balance Compliance

    Damara Gold : Reports Drill Assays from New Gold Discovery at Placer Mountain

    Poletowin Pitcrew : Supplementary Information to the Financial Results for the

    • Central Bank Views
    • Market Overviews
  • Politics
  • Business
  • Markets
  • Retail
  • Personal Finance
Trade News Today
No Result
View All Result
Home Trade News Cryptocurrency

Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC

February 16, 2021
in Cryptocurrency
2 min read
Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC
Share on FacebookShare on Twitter


Osprey Fund’s bitcoin trust is now available to retail investors via the over-the-counter (OTC) market, the company announced Tuesday.

The fund was formed two years ago, and Osprey applied to register the trust with the U.S. Securities and Exchange Commission (SEC) in the middle of last year, said Osprey CEO Greg King.

It joins a crop of new bitcoin funds aimed squarely at the market-leading Grayscale Bitcoin Trust (GBTC) before a bitcoin ETF is approved by the SEC. This includes offerings from Bitwise Asset Management, BlockFi and CrossTower that aim to give traditional investors exposure to bitcoin without having to touch the asset itself. 

Structured similarly to GBTC, the Osprey fund has nearly $80 million in assets under management (AUM) and can be accessed directly by accredited investors and indirectly by retail investors via OTC trading desks. (Grayscale is owned by Digital Currency Group, CoinDesk’s parent company.)

Osprey boasts a 0.49% management fee compared to GBTC’s 2% annual fee, but the fund also has 0.3% in other expenses from services like crypto custody. King said he doesn’t expect those extra expenses to stick around, however.

“We expect those costs will go down both over time and as AUM grows,” King said. “Custody costs have gone down significantly over the past few years and as those changes take place those savings will flow directly to investors.”

Fidelity Digital Assets is the custodian for the Osprey fund, Grant Thornton is the auditor and Coin Metrics is the index provider. 

If the SEC begins to approve bitcoin ETFs, then the value of funds like Osprey and GBTC could diminish significantly. In that case, Osprey would “look very closely at converting” to an ETF structure, King said.



Read More: Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC

Tags: BitcoinfundsinvestorsOspreyOTCretailTrust
Previous Post

Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market

Next Post

Adidas is selling Reebok to focus on its own brand

Related Posts

Dogecoin is Worth 10 Cents. Is Elon Musk’s Favorite Meme Cryptocurrency the Next

Dogecoin is Worth 10 Cents. Is Elon Musk’s Favorite Meme Cryptocurrency the Next

by Trade News
April 15, 2021
0

It started as a joke, but now the joke appears to be on the people who didn’t take Dogecoin...

Bitcoin (BTC USD) Cryptocurrency Price ETF Rush Gains Momentum in the US

Bitcoin (BTC USD) Cryptocurrency Price ETF Rush Gains Momentum in the US

by Trade News
April 14, 2021
0

Follow us @crypto for our full coverage.As Bitcoin hits records and Coinbase Global Inc. goes public, ETF issuers are...

Bitcoin Analysts Set Sights on $70K (Even $80K) After All-Time High

Bitcoin Analysts Set Sights on $70K (Even $80K) After All-Time High

by Trade News
April 14, 2021
0

Bitcoin’s (BTC) break to an all-time high above $63,000 has several analysts feeling bullish, with price targets at $70,000...

Turkey’s economic turmoil drives Bitcoin frenzy | Turkey

by Trade News
April 13, 2021
0

The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has endured through the...

Bitcoin As A Pressure Release Valve

Bitcoin As A Pressure Release Valve

by Trade News
April 13, 2021
0

As small-cap currencies inflate, Bitcoin gains adoption.Bitcoin is the first fully sovereign digital currency. This means that anyone in...

Next Post
Adidas is selling Reebok to focus on its own brand

Adidas is selling Reebok to focus on its own brand

0 0 vote
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Today Trend News

Tech Budgets Rebound as Technology’s Role in Navigating Pandemic is Realized

Tech Budgets Rebound as Technology’s Role in Navigating Pandemic is Realized

August 28, 2020
Moody’s stock gains after profit misses, but revenue rises above forecasts

Moody’s stock gains after profit misses, but revenue rises above forecasts

February 12, 2021
Billionaire Investor Ray Dalio Believes That Governments Are Likely To Outlaw

Billionaire Investor Ray Dalio Believes That Governments Are Likely To Outlaw

March 24, 2021
How Millennial Entrepreneur Ahmed Alomari Grew $15k to Over $7M in 6 Years,

How Millennial Entrepreneur Ahmed Alomari Grew $15k to Over $7M in 6 Years,

March 14, 2021
US tech futures rise, bond yields dip, lira plunges

US tech futures rise, bond yields dip, lira plunges

March 12, 2021
SNANF Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Sona

SNANF Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Sona

February 15, 2021
The Eastern Caribbean Central Bank publicly launches new digital currency

The Eastern Caribbean Central Bank publicly launches new digital currency

April 1, 2021
China tightens tech export controls jeopardizing TikTok deal, reports say

China tightens tech export controls jeopardizing TikTok deal, reports say

August 29, 2020

Don't miss it

with COVID-19 Impact Analysis – SoccerNurds
Diamonds

with COVID-19 Impact Analysis – SoccerNurds

April 15, 2021
Urban oil drilling harms lung function in L.A. residents living near wells
Oil & Gas

Urban oil drilling harms lung function in L.A. residents living near wells

April 15, 2021
U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand
Real Estate

U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand

April 15, 2021
A Time-Tested Active Approach to Capture the Growth of the Future
Automobiles

A Time-Tested Active Approach to Capture the Growth of the Future

April 15, 2021
Forex Analytics

Foreign Currency Exchange Software Market 2021 Predictable to Witness

April 15, 2021
Monetary policy frameworks and central bank market operations
Market Overviews

Rethinking the ECB’s strategy in the world of low rates

April 15, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

No Result
View All Result
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply