Osprey Bitcoin Trust (OBTC)

The Osprey Bitcoin Trust (OBTC) is a grantor trust whose only significant asset is bitcoin. Its objective is for the value of its shares to reflect the value of the bitcoin it holds, less the trust's expenses.

The trust was originally organized by Osprey Funds and was later listed on an exchange after operating as an over-the-counter product. It holds bitcoin with a third-party custodian and does not use leverage or derivatives, giving shareholders exposure to the cryptocurrency through a traditional brokerage account rather than direct ownership of digital assets.