Osprey Funds and Bitwise Asset Management Announce the Bitwise Bitcoin ETF to Acquire the Assets of the Osprey Bitcoin Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: Newsfilter
Transaction Announcement: Osprey Funds and Bitwise Asset Management have entered into an Asset Purchase Agreement where Bitwise will acquire the assets of the Osprey Bitcoin Trust, allowing OBTC unitholders to receive shares of BITB in a tax-free transaction.
Investor Considerations: The acquisition aims to provide a seamless transition for investors, but potential BITB investors should be aware of the high risks associated with bitcoin investments, including market volatility and regulatory uncertainties.
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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 28.970
Low
Averages
High
Current: 28.970
Low
Averages
High
No data
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.
