Osprey Bitcoin Trust (OTCMKTS:OBTC) Shares Up 2.3% – Should You Buy?

Osprey Bitcoin Trust (OTCMKTS:OBTC) shares were up 2.3% during trading on Monday . The company traded as high as $20.69 and last traded at $20.66. 6,767 shares were traded during mid-day trading, a decline of 53% from the average session volume of 14,431 shares. The stock had previously closed at $20.20.

Osprey Bitcoin Trust Stock Performance

The company has a fifty day moving average of $20.36 and a two-hundred day moving average of $22.21.

Hedge Funds Weigh In On Osprey Bitcoin Trust

A number of hedge funds have recently bought and sold shares of OBTC. Commonwealth Equity Services LLC bought a new stake in Osprey Bitcoin Trust in the 4th quarter valued at about $278,000. LPL Financial LLC bought a new position in shares of Osprey Bitcoin Trust during the fourth quarter worth approximately $283,000. Eagle Global Advisors LLC bought a new position in shares of Osprey Bitcoin Trust during the fourth quarter worth approximately $445,000. Hunting Hill Global Capital LLC acquired a new stake in shares of Osprey Bitcoin Trust in the fourth quarter valued at approximately $583,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Osprey Bitcoin Trust in the fourth quarter valued at approximately $1,357,000.

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.