Bitwise acquires Osprey Bitcoin Trust with $120 mln in BTC; Market capitalization of PYUSD exceeded $ 1 billion
Bitwise, one of the leading spot Bitcoin and Ethereum ETF acquires Osprey Bitcoin Trust (OBTC) with $120 million worth of Bitcoin (BTC). PYUSD made a major mark, surpassing its total market capitalization of $1 billion, according to CoinMarketCap
Bitwise acquires Osprey Bitcoin Trust
Bitwise, one of the leading spot Bitcoin and Ethereum ETF issuers, will acquire the Osprey Bitcoin Trust (OBTC).
Bloomberg ETF analyst James Seyffart stated in his post from the X account that crypto asset manager Bitwise will purchase Osprey Bitcoin Trust (OBTC).
This trust, whose structure is similar to Grayscale’s GBTC, contains approximately $120 million worth of Bitcoin (BTC).
OBTC holders will receive shares of equivalent value in Bitwise’s BITB.
PYUSD Stablecoin Market Cap Exceeds $1 Billion
PYUSD made a major mark, surpassing its total market capitalization of $1 billion, according to CoinMarketCap.
