Bitwise CIO Details OBTC Acquisition Plans

By Yahoo! Finance | Aug 29, 2024 at 08:06 AM EST

$Bitwise CIO Details OBTC Acquisition Plans$

Bitwise Asset Management's acquisition of Osprey Bitcoin Trust's assets for its Bitwise Bitcoin ETF signifies a significant change in the Bitcoin fund sector. The deal aims to offer OBTC unitholders a tax-free transition to BITB, resulting in reduced expense ratios and increased investor benefits.

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