Osprey Funds to Convert the Osprey Bitcoin Trust (OBTC) into an ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Newsfilter
Osprey Bitcoin Trust Conversion: Osprey Funds, LLC plans to file a Registration Statement with the SEC to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF).
Forward-Looking Statements Disclaimer: The announcement includes forward-looking statements regarding the conversion process, emphasizing that these are based on current beliefs and do not guarantee future performance.
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.
