Osprey Bitcoin Trust, a prominent closed-end fund specializing in Bitcoin investments, intends to explore significant strategic changes, including a potential merger with a Bitcoin exchange-traded fund (ETF) or a sale. This announcement comes as the Trust’s units have been trading at a discount compared to its actual Bitcoin holdings, prompting the company to consider various alternatives to enhance shareholder value. In a statement released on Tuesday, Osprey indicated that failing to secure a merger or sale would lead to the liquidation and dissolution of the Trust within the next 180 days.
Osprey Trust Sues Grayscale Over Bitcoin ETF Claims
Osprey’s strategy unfolds in an intensifying rivalry with Grayscale’s Bitcoin Trust (GBTC), which recently transitioned into an ETF. Osprey has not shied away from this competition, having initiated legal action against Grayscale.
The lawsuit alleges that Grayscale made deceptive claims regarding the inevitability of its ETF conversion, hig
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