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

Osprey Bitcoin Trust (OTCMKTS:OBTC)’s stock price was down 3.3% during mid-day trading on Thursday . The stock traded as low as $20.98 and last traded at $21.05. Approximately 2,360 shares traded hands 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 Trading Down 3.3%

The stock has a fifty day moving average of $27.63 and a 200 day moving average of $30.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new position in Osprey Bitcoin Trust during the fourth quarter valued at $278,000. LPL Financial LLC acquired a new stake in Osprey Bitcoin Trust during the 4th quarter worth about $283,000. Eagle Global Advisors LLC purchased a new position in shares of Osprey Bitcoin Trust during the 4th quarter valued at about $445,000. Mint Tower Capital Management B.V. acquired a new position in shares of Osprey Bitcoin Trust in the 4th quarter valued at about $1,357,000. Finally, Jane Street Group LLC purchased a new stake in shares of Osprey Bitcoin Trust in the fourth quarter worth about $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.