---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-029093"
form_type: "8-K"
ticker: "OBTC"
cik: "0001767057"
company_name: "Osprey Bitcoin Trust"
filed_at: "2025-12-23T23:59:59+00:00"
generated_at: "2026-05-16T12:16:46.127711+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Osprey Bitcoin Trust converts to ETF, plans Nasdaq listing with 0.49% mgmt fee

## Summary
- Third Amended Trust Agreement signed Dec 18 to effect conversion into exchange-traded product and list on Nasdaq.
- Management fee of 0.49% annualized, accrued daily, paid monthly; Sponsor bears ordinary trust expenses.
- Shares issued/ redeemed only in 10,000-share Baskets via authorized participants for Bitcoin or cash.
- Conversion provides ETF structure and Nasdaq listing, enhancing liquidity and investor access.

## SEC filing metadata
- accession: 0001493152-25-029093
- form_type: 8-K
- ticker: OBTC
- cik: 0001767057
- company_name: Osprey Bitcoin Trust
- filed_at: 2025-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767057/000149315225029093/0001493152-25-029093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767057/000149315225029093/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-029093
- JSON: https://secwatch.observer/filing/0001493152-25-029093.json
- Plain text: https://secwatch.observer/filing/0001493152-25-029093.txt

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