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OBTC on Nasdaq

Osprey Bitcoin Trust

Osprey Bitcoin Trust is an American commodity contracts brokers and dealers company based in Miami.2 Its shares trade on Nasdaq under the symbol OBTC.2

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Last updated Oct 21, 2026.

Overview

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  • TickerOBTC on Nasdaq2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersMiami, United States2
  • Incorporated inDE3
  • Business addressC/O Osprey Funds, Llc, 777 Brickell Ave., Suite 500, Miami, Fl 331313
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formStatutory Trust2
  • Kind of organizationTrust2
  • LEI529900QG8XXFONXWQQ372
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CSC Delaware Trust Company,251 Little Falls Drive, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 72213452

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Bitcoin blockchain represents a complete, transparent and unbroken history of all transactions of the Bitcoin network.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5-$13.4M in 2025
-$50.0M0$50.0M$100.0M$150.0M2024: $119.4M$119.4M20242025: -$13.4M-$13.4M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Management Fee$954.9K$678.6K
Professional Fees$665.2K$460.2K
Custodian Fees$314.0K$207.3K
Other$198.7K$240.4K
Total Expenses$2.1M$1.6M
Net Investment Loss-$2.1M-$1.6M
Net Realized Gain on Investment in Bitcoin$31.7M$52.6M
Net Change in Unrealized Appreciation/(Depreciation) on Investment in Bitcoin-$43.0M$68.4M
Total net realized gain and net change in unrealized appreciation/(depreciation) on investment in Bitcoin-$11.3M$121.0M
Net increase/(decrease) in net assets resulting from operations-$13.4M$119.4M

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Leadership

Who has led Osprey Bitcoin Trust, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Robert Joseph Rokose2022
2025
Board members and other officers (1)

Timeline

  1. Jun 22, 20268-K Change of auditor12
  2. Jan 12, 20268-K Entered a material agreement13
  3. Dec 23, 20258-K Entered a material agreement14
  4. Mar 5, 20248-K Regulation FD disclosure15
  5. Jan 23, 20248-K Change to shareholders' rights16
  6. Jan 11, 20248-K Other events17
  7. Jan 13, 20238-K Regulation FD disclosure18
  8. Apr 20, 20228-K Change to shareholders' rights19
  9. Mar 14, 20228-K Ended a material agreement20
  10. Feb 10, 20228-K Entered a material agreement21
  11. Jan 3, 2019Founded Osprey Bitcoin Trust is founded2

Filings

70 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 10 major events, 2 insider forms, 46 other. The latest 20:

  1. Sep 18, 2026424B3 EDGAR
  2. Sep 17, 2026EFFECT EDGAR
  3. Sep 10, 2026POS AM EDGAR
  4. Aug 11, 202610-Q EDGAR
  5. Jun 22, 20268-K EDGAR
  6. May 13, 202610-Q EDGAR
  7. Apr 1, 202610-K EDGAR
  8. Apr 1, 2026NT 10-K EDGAR
  9. Mar 31, 2026424I EDGAR
  10. Jan 12, 2026424B3 EDGAR
  11. Jan 12, 20268-K EDGAR
  12. Dec 23, 20258-K EDGAR
  13. Dec 19, 2025424B3 EDGAR
  14. Dec 18, 2025EFFECT EDGAR
  15. Dec 18, 2025CERT EDGAR
  16. Dec 17, 20258-A12B EDGAR
  17. Dec 16, 2025CORRESP EDGAR
  18. Dec 12, 2025S-1/A EDGAR
  19. Dec 11, 2025CORRESP EDGAR
  20. Dec 4, 2025UPLOAD EDGAR

The 70 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 1, 2021Mascera MatthewDirector of OperationsSale800$17.42$13.9KForm 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC380,866$7.2M0.0%+295,268
UBS Group AG7,967$150.1K0.0%+1,929
Manning & Napier Advisors LLC361$7.0K0.0%No change
Integrated Wealth Concepts LLC200$3.8K0.0%New
GoalVest Advisory LLC173$3.3K0.0%New
EverSource Wealth Advisors, LLC100$1.9K0.0%No change
Ameritas Advisory Services, LLC70$1.3K0.0%New
Flow Traders U.s. LLC67,487$1.3K0.1%+46,851
Allworth Financial LP50$9420.0%No change
Tanglewood Legacy Advisors, LLC44$8290.0%No change
Hrt Financial LP14,849$2790.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Osprey Bitcoin Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROsprey Bitcoin Trust1
  • CIK0001767057
  • Employer ID (EIN)37-66958944
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressC/O Osprey Funds, Llc, 777 Brickell Ave., Suite 500, Miami, FL 331311
  • Phone914-214-46971
  • Shares outstanding2,940,535 as of Jun 30, 20267
  • Public float$198.2M as of Jun 30, 20254
  • AuditorGRANT THORNTON LLP, New York, New York PCAOB ID 42; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 6, 20191
  • Filings77 in all: UPLOAD (11), 8-K (10), CORRESP (10), 10-Q (9), 10-12G/A (5), SC TO-I/A (4), 10-K (3), 424B3 (3)1
    All 26 form types

    D (3), EFFECT (2), S-1/A (2), 10-12G (1), 15-12G (1), 3 (1), 4 (1), 424I (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), NT 10-K (1), POS AM (1), S-1 (1), SC TO-C (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Jun 22, 2026

Securities registered for trading

ClassSymbolExchange
Shares of Beneficial Interest of Osprey Bitcoin TrustOBTCThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Apr 1, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Osprey Bitcoin Trust names in Item 1A of its 10-K filed Apr 1, 2026: 72 risks under these headings, as written.4

  • The Shares are speculative and involve a high degree of risk. Before making an investment decision, you should consider carefully the risks described below, as well as the other information included in this Annual Report.
  • The trading prices of many digital assets, including Bitcoin, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of Bitcoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of Bitcoin as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies such as the Bitcoin blockchain.
  • Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the continued acceptance of Bitcoin.
  • Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges.
  • Potential amendments to the Bitcoin network’s protocols and software could, if accepted and authorized by the Bitcoin network community, adversely affect an investment in the Trust.
  • The open-source structure of the Bitcoin network protocol means that the core developers and other contributors are generally not directly compensated for their contributions in maintaining and developing the Bitcoin network protocol. A failure to properly monitor and upgrade the Bitcoin network protocol could damage the Bitcoin network and an investment in the Trust.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.
  • If the digital asset award for mining blocks and transaction fees for recording transactions on the Bitcoin network are not sufficiently high to incentivize miners, or if certain jurisdictions continue to limit mining activities, miners may cease expanding processing power or demand high transaction fees, which could negatively impact the value of Bitcoin and the value of the Shares.
  • If a malicious actor or botnet obtains control of more than 50% of the processing power on the Bitcoin network, or otherwise obtains control over the Bitcoin network through its influence over core developers or otherwise, such actor or botnet could manipulate the Bitcoin blockchain to adversely affect the value of the Shares or the ability of the Trust to operate.
  • A temporary or permanent “fork” could adversely affect the value of the Shares.
The other 60 risks
  • Shareholders may not receive the benefits of any forks or “airdrops.”
  • In the event of a hard fork of the Bitcoin network, the Sponsor will, if permitted by the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
  • A hard fork could change the source code to the Bitcoin network, including the 21 million Bitcoin supply cap.
  • Any name change and any associated rebranding initiative by the core developers, users or miners of Bitcoin or the Bitcoin network may not be favorably received by the digital asset community, which could negatively impact the value of Bitcoin and the value of the Shares.
  • The value of the Shares relates directly to the value of Bitcoin, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
  • Because the Trust holds only Bitcoin and cash, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio.
  • Due to the unregulated nature and lack of transparency surrounding the operations of digital asset platforms, which may experience fraud, manipulation, security failures or operational problems, as well as the wider Bitcoin market, the value of Bitcoin and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
  • The Index has a limited performance history, the Index price could fail to track the global Bitcoin price, and a failure of the Index could adversely affect an investment in the Shares.
  • The Index used to calculate the value of the Trust’s Bitcoin may be volatile, adversely affecting the value of the Shares.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the value of Bitcoin and other digital assets.
  • Prices of Bitcoin may be affected due to stablecoins (including Tether and USDC), the activities of stablecoin issuers and their regulatory treatment.
  • Competition from the emergence or growth of other digital assets or methods of investing in Bitcoin could have a negative impact on the price of Bitcoin and adversely affect the value of the Shares.
  • Competition from other exchange-traded Bitcoin products could adversely affect the Trust and the value of the Shares.
  • The Trust may be negatively impacted by the effects of public health emergencies on the global economy and the markets and service providers relevant to the performance of the Trust.
  • The amount of the Trust’s assets represented by each Share will decline over time as the Trust pays the Management Fee and additional expenses borne by the Trust, and as a result, the value of the Shares may decrease over time.
  • The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of Bitcoin. The Trust is not actively managed and will be affected by a general decline in the price of Bitcoin.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of Bitcoin.
  • The liquidity of the Shares may also be affected by the withdrawal from participation of Authorized Participants.
  • There may be situations where an Authorized Participant is unable to redeem a Basket of Shares. To the extent the value of Bitcoin decreases, these delays may result in a decrease in the amount the Authorized Participant will receive when the redemption occurs, as well as a reduction in liquidity for all Shareholders in the secondary market.
  • The Trust is an “emerging growth company” and it cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make the Shares less attractive to investors.
  • The lack of an active trading market for the Shares may result in losses on your investment at the time of disposition of your Shares.
  • If the process of creation and redemption of Baskets encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of Bitcoin may not exist and, as a result, the price of the Shares may fall or otherwise diverge from the NAV.
  • The use of cash creations and redemptions, as opposed to in-kind creations and redemptions, may adversely affect the arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of Bitcoin and, as a result, the price of the Shares may fall or otherwise diverge from the NAV.
  • As an owner of Shares, you do not have the rights normally associated with ownership of other types of shares.
  • The Sponsor and the Trustee may agree to amend the Trust Agreement without the consent of the Shareholders.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act or the protections afforded by the Commodity Exchange Act.
  • Security threats to the Trust’s account at the Bitcoin Custodian could result in the halting of Trust operations and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the value of the Shares.
  • Bitcoin transactions are irrevocable, and stolen or incorrectly transferred Bitcoin may be irretrievable. As a result, any incorrectly executed Bitcoin transactions could adversely affect the value of the Shares.
  • The lack of full insurance and Shareholders’ limited rights of legal recourse against the Trust, Trustee, Sponsor, Transfer Agent and Custodian expose the Trust and its Shareholders to the risk of loss of the Trust’s Bitcoin for which no person or entity is liable.
  • Loss of a critical banking relationship for, or the failure of a bank used by, the Prime Execution Agent could adversely impact the Trust’s ability to create or redeem Baskets, or could cause losses to the Trust.
  • The Trust may be required, or the Sponsor may deem it appropriate, to terminate and liquidate at a time that is disadvantageous to Shareholders.
  • The Trust Agreement includes provisions that limit Shareholders’ voting rights and restrict Shareholders’ right to bring a derivative action.
  • Your right to bring derivative actions is limited and it might be difficult for minority Shareholders to locate other Shareholders to reach the ownership threshold for derivative actions.
  • The Index price being used to determine the NAV of the Trust may not be consistent with GAAP. The net assets reported in the Trust’s periodic financial statements may differ, in some cases significantly, from the Trust’s NAV determined using the Index pricing.
  • Extraordinary Expenses resulting from unanticipated events may become payable by the Trust, adversely affecting the value of the Shares.
  • The Trust’s delivery or sale of Bitcoin to pay expenses or other operations of the Trust could result in Shareholders incurring tax liability without an associated distribution from the Trust.
  • The value of the Shares will be adversely affected if the Trust is required to indemnify the Sponsor, the Trustee, the Trust Administrator, the Bitcoin Custodian or the Cash Custodian under the Trust Documents.
  • Intellectual property rights claims may adversely affect the Trust and the value of the Shares.
  • If the Trust fails to maintain an effective system of internal controls, it may not be able to accurately or timely report our financial condition or results of operations or prevent fraud which may adversely affect the market for the Shares.
  • Digital asset markets in the United States currently exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of Bitcoin or the Shares, such as by banning, restricting or imposing onerous conditions or prohibitions on the use of Bitcoin, mining activity, digital wallets, the provision of services related to trading and custodying Bitcoin, the operation of the Bitcoin network, or the digital asset markets generally.
  • A determination that Bitcoin or any other digital asset is a “security” may adversely affect the value of Bitcoin and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Trust.
  • Competing industries may have more influence with policymakers than the digital asset industry, which could lead to the adoption of laws and regulations that are harmful to the digital asset industry.
  • Regulatory changes or actions in foreign jurisdictions may affect the value of the Shares or restrict the use of one or more digital assets, mining activity or the operation of their networks or the digital asset platform market in a manner that adversely affects the value of the Shares.
  • If regulators or public utilities take actions that restrict or otherwise impact mining activities, there may be a significant decline in such activities, which could adversely affect the Bitcoin network and the value of the Shares.
  • If regulators subject the Trust, the Trustee or the Sponsor to regulation as a money service business or money transmitter, this could result in Extraordinary Expenses to the Trust, the Trustee or the Sponsor and also result in decreased liquidity for the Shares.
  • If the Bitcoin network is used to facilitate illicit activities, businesses that facilitate Bitcoin transactions could be at increased risk of criminal or civil liability, or of having services cut off, which could negatively affect the price of Bitcoin and the value of the Shares.
  • Regulatory changes or interpretations could obligate the Trust, the Trustee or the Sponsor to register and comply with new regulations, resulting in potentially extraordinary, nonrecurring expenses to the Trust.
  • The treatment of the Trust for U.S. federal income tax purposes is uncertain.
  • The treatment of digital currency for U.S. federal income tax purposes is uncertain.
  • Future developments regarding the treatment of digital currency for U.S. federal income tax purposes could adversely affect the value of the Shares.
  • Future developments in the treatment of digital currency for tax purposes other than U.S. federal income tax purposes could adversely affect the value of the Shares.
  • A U.S. Tax-Exempt Shareholder may recognize “unrelated business taxable income” as a consequence of an investment in Shares.
  • Shareholders could incur a tax liability without an associated distribution of the Trust.
  • A hard “fork” of the Bitcoin blockchain could result in Shareholders incurring a tax liability.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust. The Sponsor and its affiliates have no fiduciary duties to the Trust and its Shareholders other than as provided in the Trust Agreement, which may permit them to favor their own interests to the detriment of the Trust and its Shareholders.
  • Shareholders cannot be assured of the Sponsor’s continued services, the discontinuance of which may be detrimental to the Trust.
  • Although the Bitcoin Custodian is a fiduciary with respect to the Trust’s assets, it could resign or be removed by the Sponsor, which may trigger early dissolution of the Trust.
  • Coinbase serves as the Bitcoin custodian for several competing exchange-traded Bitcoin products, which could adversely affect the Trust’s operations and ultimately the value of the Shares.
  • The Trust’s Authorized Participants act in similar or identical capacities for several competing exchange-traded Bitcoin products which may impact the ability or willingness of one or more Authorized Participants to participate in the creation and redemption process, adversely affect the Trust’s ability to create or redeem Baskets and adversely affect the Trust’s operations and ultimately the value of the Shares.
  • Shareholders and Authorized Participants lack the right under the Custodial Services Agreement to assert claims directly against the Bitcoin Custodian, which significantly limits their options for recourse.

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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