Osprey Bitcoin Trust (OTCMKTS:OBTC) Shares Down 2.7% – Here’s Why

Osprey Bitcoin Trust (OTCMKTS:OBTC) fell 2.7% during trading on Wednesday . The company traded as low as $21.00 and last traded at $21.00. 3,243 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 16,308 shares. The stock had previously closed at $21.58.

Osprey Bitcoin Trust Stock Down 2.7%

The stock’s 50 day moving average is $23.93 and its 200 day moving average is $25.28.

Institutional Investors Weigh In On Osprey Bitcoin Trust

Several hedge funds have recently modified their holdings of OBTC. Eagle Global Advisors LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $445,000. LPL Financial LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $283,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $1,357,000. Commonwealth Equity Services LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $278,000. Finally, Jane Street Group LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $29,378,000.

Osprey Bitcoin Trust (OTCMKTS:OBTC) is an investment vehicle designed to provide investors with exposure to the price of bitcoin through a traditional brokerage account. The trust holds bitcoin, and its shares represent fractional ownership of the digital asset, allowing investors to gain price exposure without directly purchasing or storing cryptocurrency. Shares of the trust trade on the OTC Markets under the ticker OBTC, offering intraday liquidity and the familiarity of a stock-like investment format.

The trust is structured as a Delaware statutory trust, with bitcoin custody services provided by a regulated third-party custodian.