Osprey Bitcoin Trust Refreshes Risk Disclosures for OBTC Investors

Osprey Bitcoin Trust has updated its risk and fee disclosures in a move that affects investors in OBTC, the ticker symbol for the trust's shares. The changes were made through a Post-Effective Amendment No. 1 to Form S-1, filed with the Securities and Exchange Commission on September 10, 2026.

The Osprey Bitcoin Trust is a Delaware statutory trust that issues units representing fractional undivided beneficial interests in its net assets, primarily consisting of Bitcoin held by a custodian on behalf of the trust. The trust seeks to reflect the performance of the price of Bitcoin as measured by reference to the CME CF Bitcoin Reference Rate - New York Variant.

The updated disclosures include changes to the risk factors associated with investing in OBTC, including risks related to market volatility and liquidity. Additionally, the trust has revised its fee structure to clarify how management fees are calculated and paid.