Osprey Bitcoin Trust (OTCMKTS:OBTC – Get Free Report) rose 0.1% on Wednesday. The stock traded as high as $26.99 and last traded at $26.82. Approximately 999 shares were traded during mid-day trading, a decline of 92% from the average session volume of 12,757 shares. The stock had previously closed at $26.80.
Osprey Bitcoin Trust Trading Down 0.2%
The stock has a 50 day moving average of $23.75 and a 200-day moving average of $22.89.
Institutional Trading of Osprey Bitcoin Trust
An institutional investor recently bought a new stake in Osprey Bitcoin Trust stock. Hunting Hill Global Capital LLC bought a new stake in shares of Osprey Bitcoin Trust (OTCMKTS:OBTC – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,689 shares of the company’s stock, valued at approximately $583,000. Hunting Hill Global Capital LLC owned 0.35% of Osprey Bitcoin Trust at the end of the most recent quarter.
Osprey Bitcoin Trust is an investment vehicle designed to provide investors with exposure to bitcoin without requiring them to purchase, store or manage the digital asset directly. The trust holds bitcoin as its primary asset, and its shares represent an interest in the trust’s bitcoin holdings, less expenses and other liabilities.
The trust began operations in 2021 and is sponsored by Osprey Funds, LLC, a digital-asset investment management firm. Osprey Funds is responsible for managing the trust and overseeing its administrative and operational arrangements, while third-party service providers support functions such as custody and administration.
Osprey Bitcoin Trust shares trade on the over-the-counter market under the symbol OBTC.
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