Ethereum ETF Approval Was a Political Decision, Says Bloomberg Analyst James Seyffart

Bitwise Asset Management has announced the acquisition of the Osprey Bitcoin Trust (OBTC).

According to a Tuesday press release, Bitwise is poised to integrate Osprey’s $120 million in assets under its own Bitwise Bitcoin ETF (BITB), marking a consolidation within the Bitcoin exchange-traded fund (ETF) market. As part of the transaction, OBTC unitholders will receive BITB shares in a liquidating distribution.