---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-102165"
form_type: "8-K"
ticker: "BITB"
cik: "0001763415"
company_name: "Bitwise Bitcoin ETF"
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:49:38.796887+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bitwise Bitcoin ETF to acquire Osprey Bitcoin Trust assets; OBTC holders to get BITB shares

## Summary
- APA signed Aug. 26, 2024; BITB to acquire all bitcoin of Osprey Bitcoin Trust (OBTC) for BITB shares.
- OBTC unitholders will receive BITB shares via liquidating distribution; no changes for existing BITB holders.
- Transaction expected to close in Q4 2024; intended to be tax-free for OBTC unitholders under U.S. federal income tax.
- Closing subject to customary conditions, including SEC registration of the Consideration Shares.

## SEC filing metadata
- accession: 0000950170-24-102165
- form_type: 8-K
- ticker: BITB
- cik: 0001763415
- company_name: Bitwise Bitcoin ETF
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763415/000095017024102165/0000950170-24-102165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763415/000095017024102165/bitb-20240827.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-102165
- JSON: https://secwatch.observer/filing/0000950170-24-102165.json
- Plain text: https://secwatch.observer/filing/0000950170-24-102165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.