Bitcoin is an innovative payment network and a new kind of money. Using peer-to-peer technology, Bitcoin operates with no central authority or banks.

Why Osprey Bitcoin Trust (OBTC)


Available in a brokerage account or IRA. No wallet, keys, or storage required.

Low Fees

One of the lowest management fees for a fund of its kind at 0.49%.


Secure alternative with Coinbase serving as the fund’s custodian.

Available Right in Your Brokerage Account

Why Osprey Funds

Osprey Funds is your trusted guide to select crypto.

We build low-cost digital asset investment products that are simple, secure, and transparent. Our expert team carefully researches and curates the leading digital assets to help take the guesswork out of crypto investing.

Fund Data

Market Price*
Closing Nav**
Nav Change
Bitcoin Per Share††

* Market price as of 02/23/2024 4:00 PM EST.

** Closing NAV per share as of 02/23/2024 4:00 PM EST

† Estimated AUM at 02/23/2024 4:00 PM EST; unaudited

†† This figure represents the Bitcoin holdings of the Trust as of 02/23/2024

The Shares of any Fund are not registered under the Securities Act of 1933 (the "Securities Act"), the Securities Exchange Act of 1934 (the "Securities Exchange Act"), the Investment Company Act of 1940 (the "Investment Company Act"), or any state securities commission or other regulatory body. The Shares are publicly quoted on OTCQX under the Alternative Reporting Standards

Fund Details



Investment Objective

Track the price of BTC.

Subscription Type



Osprey Funds



Fund Administrator

Theorem Fund Services


Grant Thornton





Shares Outstanding


Management Fee


Investor Qualifications

Shares of the Fund are accessible to accredited investors in private placements and all investors in the secondary market.

Secondary Trading

The Fund trades under ticker OBTC. Publicly traded shares may trade at a discount or premium to the Fund’s NAV.

Private Placement

Not currently available.


No K-1. Structured as a Delaware Grantor Trust for tax purposes.

See tax document here.

IRA Eligible

Yes, from select providers.

Learn more about Bitcoin in our research report The Investment Case for Layer 1s: BTC.

We are pleased to share the first installment of the Osprey Funds Investor Product Series focused on Polkadot.


Osprey Bitcoin Trust Private Placement

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%, one of the lowest cost solutions on the U.S. market.

The Trust can be held in an IRA or other tax advantaged account. Coinbase is the third-party custodian. They hold the bitcoin in the trust and keep it secure.

The Osprey Bitcoin Trust allows you to gain exposure to bitcoin without having to worry about wallets, keys, or storage.