What are Osprey Funds single coin trusts?

Our single coin trusts provide a simple and secure way to gain digital asset exposure in your investment portfolio, without having to worry about wallets, keys, or storage.

Each Grantor Trust’s investment objective is for the value of its shares to reflect the price performance of the underlying asset in an unlevered fund, less fees and expenses.  The daily Net Asset Value is determined by the 4pm price of the coin.

Where are the digital assets held?

Our third-party custodians are industry leaders who hold the digital assets in offline or ‘cold’ storage. Osprey carefully selects custodians who meet the highest of industry standards in protecting against risk of loss through theft, technology failure or otherwise.

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

We make it easy for you to invest in digital assets by managing the whole process — allowing investors the benefits of crypto exposure without the burden of purchasing, storing, keeping it safe, and managing the keys and passwords.

We’ve completed due diligence on all counterparties involved, giving investors peace of mind in the process. This professional approach to selecting counterparties allows our investors to not have to constantly worry about whether their Crypto holdings are in good hands.

How do investors invest in Osprey Funds Private Placements?

Accredited Investors may purchase shares at Net Asset Value and can participate in the private placement by subscribing online.

What is an Accredited Investor?

Individuals may qualify as accredited investors based on wealth and income thresholds, as well as other measures of financial sophistication. Entities can qualify based on assets and certain registrations. More information can be found here.

What are the fees and expenses associated with Osprey products?

Each Product charges an annual management fee, which ranges from 0.49% for OBTC to 2.50% for non-BTC products held by the other Trusts . More information can be found on each Trust’s respective product page.

Can I purchase shares in my retirement account?

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.

Self-Directed IRA providers already onboarded on the Osprey platform include The Entrust Group, Mainstar Trust, and Pacific Premier Trust. If you have a self-directed IRA provider that is not listed, please reach out to us.

What is the minimum investment for Accredited Investors participating in the private placement offering?

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

Private Placements in all other Trusts require a $10,000 minimum investment.

What is the lock up period for purchasing shares from an Osprey single coin trust in a private placement?

OBTC currently has a 6 month holding period before the shares can be transferred and sold. ODOT and OSOL currently have a 12 month holding period. Shares in all other Osprey single coin trusts, which are non-traded trusts, are restricted from public re-sale until the Shares become eligible.

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 Osprey products if I am not an accredited investor?

Yes, non-accredited investors can access the Osprey Bitcoin Trust (OBTC), Polkadot Trust (ODOT), and Solana Trust (OSOL) through brokerage and IRA accounts. These purchases can be made in the open market based on the price of shares trading in the open market at the time of purchase.

What are the tax consequences of owning a trust?

The trusts are grantor trusts for U.S. federal income tax purposes, they are not subject to issuance of K-1’s (form 1065) like partnerships.

Unitholders are treated as if they directly received their respective pro-rata share of the Trust’s income and proceeds, and directly incurred their pro rata share of the Trust’s expenses. Most state and local tax authorities follow U.S. income tax rules in this regard. However, Unitholders should contact their own tax advisors as to the state and local tax consequences of ownership of the Trust.