OBTC Overview

Osprey Bitcoin Trust ETF Conversion: Osprey Funds, LLC has submitted a draft registration statement to the SEC to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF).

Company Overview and Forward-Looking Statements: Osprey Funds focuses on providing secure and cost-effective digital asset investment products and includes forward-looking statements regarding the potential conversion of OBTC.

2025 OTCQX Best 50 Announcement: OTC Markets Group Inc. has released the 2025 OTCQX Best 50 ranking, highlighting the top-performing companies traded on the OTCQX Best Market based on total return and dollar volume growth during 2024, with BTQ Technologies Corp. taking the top spot.

Performance Metrics: The ranked companies collectively achieved a median total return of 74% and a total trading volume of $5.85 billion, showcasing a diverse representation from various industries and countries, including significant participation from Canadian and U.S. firms.

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.

Termination of Agreement: Osprey Funds announced the termination of the Asset Purchase and Contribution Agreement for the Osprey Bitcoin Trust due to the lack of regulatory approvals by the deadline of December 31, 2024.

Future Plans: Osprey intends to update investors on strategic alternatives for the Bitcoin Trust following the termination of the agreement.

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.

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.