Osprey Funds, LLC, the digital asset subsidiary of REX Shares, today announces a corporate reorganization plan to spin Osprey off into an independent legal entity. This news comes on the heels of the Osprey Bitcoin Trust (OBTC) crossing $150 million in assets under management (AUM).

The reorganization positions Osprey to leverage its role as the preeminent, low-cost cryptocurrency solutions provider and capitalize on future expansion opportunities while keeping its established management team intact.

“This move reinforces our commitment to establishing Osprey as a leader in investable digital asset-based funds,” said Greg King, CEO of Osprey. “There is significant investor appetite for cryptocurrency investments that trade publicly under a ticker symbol, as evidenced by the recent interest in OBTC, our flagship product. This change will allow Osprey to continue growing fast and meet the demand for new products.”

In addition to the reorganization, Osprey hired three seasoned experts to accelerate research, investor relations and marketing capabilities. These include:

Bill Birmingham, Managing Director, Head of Research. Bill formerly served as a senior equity analyst for several well-known hedge funds, including Carlson Capital, Impala Asset Management and Xylem Global Partners.
Ryan Ballantyne, Managing Director, Investor Relations. Ryan has more than 25 years of experience in the financial industry, including six years with asset management firm Reality Shares where he served as Executive Vice President responsible for sales, distribution, investor relations and product development for its ETF suite.
Scott McKenna, Vice President, Marketing. Scott led marketing efforts for ETF analytics company ETFLogic, where he produced and hosted the Speaking Logicly podcast. Scott will be a driving force behind Osprey’s sales and marketing efforts.
“As we continue to grow rapidly in the digital assets investment landscape, staffing our team with talented individuals is key,” said King. “This group serves as a great addition and will help us provide exceptional products to investors.”

OBTC is the lowest-cost publicly traded bitcoin fund in the U.S. The Trust recently began trading publicly with an annual management fee of just 0.49%.

Independently, REX Shares’ MicroSectors Suite of exchange-traded products also reached a milestone, surpassing $2 billion in AUM just six months after crossing the $1 billion mark in September 2020.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

210 +