Osprey Bitcoin Trust (OTCMKTS:OBTC) Shares Down 3.3% – What’s Next?

Osprey Bitcoin Trust (OTCMKTS:OBTC)’s share price dropped 3.3% during trading on Thursday . The stock traded as low as $20.98 and last traded at $21.05. Approximately 2,360 shares were traded during trading, a decline of 94% from the average daily volume of 39,226 shares. The stock had previously closed at $21.76.

Osprey Bitcoin Trust Price Performance

The stock has a fifty day simple moving average of $27.63 and a 200-day simple moving average of $30.69.

Institutional Trading of Osprey Bitcoin Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Osprey Bitcoin Trust during the fourth quarter valued at $29,378,000. Mint Tower Capital Management B.V. purchased a new stake in shares of Osprey Bitcoin Trust during the 4th quarter worth about $1,357,000. Eagle Global Advisors LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter valued at about $445,000. LPL Financial LLC acquired a new stake in shares of Osprey Bitcoin Trust during the 4th quarter valued at about $283,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Osprey Bitcoin Trust in the 4th quarter valued at about $278,000.

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.