FAQs

What is the Osprey Bitcoin Trust?

The Osprey Bitcoin Trust provides a simple and secure way to gain exposure to bitcoin in your investment portfolio. The Trust carries a management fee of 0.49%, by far the lowest cost solution on the market today. It trades under the ticker symbol OBTC.

The Trust can be held in a brokerage account, IRA or other tax advantaged account. Fidelity Digital Assets Services is the third-party custodian. They hold the bitcoin in the trust and keep it secure.

The Osprey Bitcoin Trust empowers you to invest in bitcoin without having to worry about wallets, keys, or storage.

Why should I own shares in the trust vs. purchasing digital assets outright?

Osprey makes it easy for you to invest in bitcoin.

We manage the whole process, allowing investors the benefits of bitcoin exposure without the burden of purchasing bitcoin, storing it, keeping it safe, and managing the keys and passwords.

Plus, investors can hold Osprey Bitcoin Trust in their brokerage or IRA account.

Osprey has completed due diligence on all counterparties involved, giving the investor peace of mind in the process.

How do investors invest in the Osprey Bitcoin Trust Private Placement?

Accredited investors may purchase shares at net asset value. Accredited investors can participate in the private placement by subscribing online.

What are the fees and expenses associated with the Osprey Bitcoin Trust?

The Osprey Bitcoin Trust management fee is 0.49%. Additional fees and expenses include custody, audit, index licensing, and legal. We expect these additional expenses to total 0.30% or less for 2021.

Can I purchase shares in my retirement account?

OBTC investors can buy shares in an IRA and most retirement accounts as they would any stock or exchange traded product.

Private placement investors can purchase shares in a Self-Directed IRA account as long as your IRA custodian allows private placements to be held in your account. Please check with your broker. The Entrust Group, Mainstar, and Alto IRA among others offer Self-Directed IRAs that can hold these shares.

What is the minimum investment for accredited investors participating in the private placement offering?

Private Placement investments require a $25,000 minimum investment size.

Shares traded publicly over-the-counter under ticker symbol OBTC do not have a minimum.

What is the lock up period of the trust?

The lock up period is one year for private placement investments.

Shares trading on the over-the-counter market under ticker symbol OBTC do not have a lock up period.

Where is the Bitcoin stored for safekeeping?

The Trust stores its Bitcoin with a third-party custodian, Fidelity Digital Assets Services (FDAS). FDAS is a division of Fidelity Investments, one of the largest financial services companies in the world.

What is the Osprey Bitcoin Trust ticker symbol?

OBTC.

How can I see the performance of my investment?

You can find your performance for OBTC right in your brokerage account.

Private placement investors receive a monthly statement from our Fund Administrator Theorem Fund Services.

Also, we post the trust’s net asset value per share on our website daily.

Shares trade in the secondary market under the ticker symbol OBTC.

How do I transfer private placement shares in the trust to my brokerage account?

After the lock-up period ends, our transfer agent, Continental Stock, will facilitate transferring the shares into a brokerage account.

Can I buy shares in the trust if I am not an accredited investor?

Yes, shares will trade in the secondary market under the ticker symbol OBTC.