Osprey Bitcoin Trust adopts exchange-traded terms, 0.49% fee, Nasdaq listing plan
On December 18, 2025, the sponsor Osprey Funds, LLC and trustee CSC Delaware Trust Company signed a Third Amended and Restated Declaration of Trust to convert Osprey Bitcoin Trust into an exchange-traded product and list its Shares on Nasdaq. Under the revised terms, the trust pays a management fee of 0.49% annualized on net asset value, while the sponsor bears most of the trust's ordinary operating expenses.
Key points
- Agreement dated December 18, 2025 converts the trust into an exchange-traded product with Shares to be listed on Nasdaq Stock Market LLC.
- Management fee of 0.49% annualized on net asset value, accrued daily and paid monthly in arrears to the Sponsor.
- Sponsor bears routine operational, administrative and ordinary expenses, including trustee, custodian, audit and listing fees.
- Shares can be issued and redeemed only in blocks of 10,000 or integral multiples, in exchange for Bitcoin or cash.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.