Osprey Funds seeks approval from the U.S. Securities and Exchange Commission to convert Bitcoin Trust into an ETF

After the termination of the Bitwise acquisition deal, investment management company Osprey Funds has announced plans to convert its Osprey Bitcoin Trust (OBTC) into an Exchange Traded Fund (ETF). The company stated in a declaration on January 14th that it will "as soon as possible" submit an S-1 form containing a registration statement to the U.S. Securities and Exchange Commission.