Bitwise Bitcoin ETF to acquire assets of Osprey Bitcoin Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: SeekingAlpha
Osprey Funds Agreement: Osprey Funds and Bitwise Asset Management have announced an agreement for the Bitwise Bitcoin ETF (BITB) to acquire the assets of the Osprey Bitcoin Trust (OBTC).
Impact on Unitholders: OBTC unitholders will receive BITB shares as part of a liquidating distribution, while existing BITB holders will see no changes to their shares or operations.
Analyst Views on OBTC
Wall Street analysts forecast OBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.970
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Current: 28.970
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
