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

Osprey Bitcoin Trust (OTCMKTS:OBTC)’s share price dropped 3.3% during trading on Thursday . The company traded as low as $20.98 and last traded at $21.05. Approximately 2,360 shares were traded during mid-day 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 Stock Performance

The business has a 50 day moving average of $27.52 and a 200-day moving average of $30.60.

Institutional Investors Weigh In On Osprey Bitcoin Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC purchased a new position in shares of Osprey Bitcoin Trust during the fourth quarter valued at approximately $278,000. LPL Financial LLC bought a new position in Osprey Bitcoin Trust during the 4th quarter valued at approximately $283,000. Eagle Global Advisors LLC purchased a new position in Osprey Bitcoin Trust during the fourth quarter valued at $445,000. Mint Tower Capital Management B.V. bought a new stake in Osprey Bitcoin Trust in the fourth quarter worth $1,357,000. Finally, Jane Street Group LLC bought a new stake in Osprey Bitcoin Trust in the fourth quarter worth $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.