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Discover How Bitwise Just Amplified Its Crypto Game by Acquiring Osprey Trust
Bitwise Asset Management’s strategic move to acquire Osprey bitcoin Trust (OBTC) marks a significant milestone in the realm of bitcoin-focused investment funds, promising a redefined landscape for investors with an interest in cryptocurrency. The asset transfer incorporates roughly $120 million worth of assets under Bitwise’s umbrella, offering a new threshold of opportunity for investors seeking…
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Bitwise to Transform Market with $120M Swallow of Osprey Bitcoin Trust
In a significant stride toward mainstream acceptance and enhanced liquidity for cryptocurrencies, an intriguing development has emerged with Bitwise’s bitcoin ETF poised to acquire all the bitcoin from the Osprey bitcoin Trust. This strategic maneuver, contingent upon the fulfillment of closing conditions, heralds a new chapter in the cryptocurrency arena. It underscores the growing inclination…
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Bitwise Set to Acquire Osprey Bitcoin Trust Assets
Bitwise Asset Management has made a significant move in the cryptocurrency market by acquiring the Osprey bitcoin Trust (OBTC). This acquisition, as detailed in a recent press release, involves integrating Osprey’s $120 million in assets into Bitwise bitcoin ETF (BITB), signaling a consolidation within the bitcoin exchange-traded fund (ETF) space. As part of this transaction,…
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Bitwise Surges Ahead: The Power Move of Acquiring Osprey Bitcoin Trust
In recent developments within the cryptocurrency sector, the Bitwise bitcoin ETF (BITB) has taken a significant step by acquiring Osprey bitcoin Trust (OBTC), a move that stands to reshape the competitive landscape of bitcoin exchange-traded funds (ETFs). This acquisition heralds several advantages for investors and marks a pivotal moment for Bitwise in its quest to…