TARRYTOWN, N.Y.--(BUSINESS WIRE)--Osprey Funds, LLC (Osprey) today announced the establishment of its advisory board following a successful Series A capital round and ahead of the formal start of trading of the Osprey Bitcoin Trust (OBTC).
Created to support, guide, and propel Osprey into its next phase of growth, the advisory board will help position the firm as the preeminent, next-generation provider of publicly traded digital asset investments.
“In building our advisory board, we selected experts from the cryptocurrency, exchange-traded fund (ETF), and advisory industries,” said Greg King, CEO of Osprey. “The depth of expertise represented by this group will help power growth and innovation at Osprey for years to come.”
Composed of industry experts, the advisory board consists of Brian Estes, CIO and Managing Partner at Off the Chain Capital, Michael Komaransky, Co-Founder at Cumberland Trading and Director of Grapefruit Trading, Dave Abner, Global Head of Business Development at Gemini and author of the ETF Handbook, J. Parsons, former Global Head of Distribution at iShares, and Josh Brown, CEO of Ritholtz Wealth Management.
“We believe in the team at Osprey,” said Estes, whose firm also participated in the capital raise. “We’re excited to be involved and see huge growth potential in their future.”
Osprey’s initial product, OBTC, has $77 million in assets under management and is currently open for private placement to accredited investors. OBTC has the lowest management fee of any publicly traded bitcoin fund available at 0.49% and is expected to begin trading next week.
About Osprey Funds, LLC
Osprey Funds, LLC (Osprey) offers common sense solutions to digital asset investing. Based in Tarrytown, New York, Osprey is dedicated to building better investment products that offer secure, transparent, and cost-effective access to digital assets. The Osprey Bitcoin Trust, OBTC, is the lowest cost publicly traded bitcoin fund in the world. Visit www.ospreyfunds.io.