What Osprey Funds does

Osprey Funds is a privately held specialty digital asset manager founded in 2018 and headquartered in Tarrytown, New York. The company operates a portfolio of single-coin grantor trusts — Osprey Bitcoin Trust (OBTC), Osprey Solana Trust (OSOL), Osprey BNB Chain Trust (OBNB), Osprey Polkadot Trust (ODOT), and Osprey BONK Trust (OBNK) — plus the REX-Osprey Solana + Staking ETF (SSK), the first SEC-registered staking ETF in the U.S. launched in July 2025 with Anchorage Digital Bank as custodian. Each trust provides price exposure to a single digital asset through a Delaware-structured grantor trust, with NAV determined daily at 4pm, third-party custodians holding assets in cold storage, and no K-1 reporting burden for U.S. federal tax purposes.

The company's revenue model is asset-based: it charges annual management fees ranging from 0.49% (OBTC) to 2.50% (non-Bitcoin trusts) on trust AUM. Distribution runs through three channels: (1) publicly quoted trading on OTCQX/OTCQB accessible via standard brokerage and IRA accounts; (2) direct private placements to accredited investors with $10,000-$25,000 minimums and 6-12 month lock-ups; and (3) a network of self-directed IRA custodians (Entrust, Mainstar, Pacific Premier, Provident, Alto, Madison, Goldstar, Equity Trust). Customer segments span accredited investors, non-accredited retail, financial advisors/RIAs, and institutional allocators.

Operationally, Osprey is navigating a strategic inflection: it is converting legacy trusts into ETFs (S-1 filings for OBTC and OSOL), expanding the regulated product set through the REX Shares partnership (seven co-filed crypto ETFs), and simultaneously liquidating underperforming trusts (Polkadot and Solana). CEO Greg King also founded REX Shares and previously co-founded VelocityShares (acquired by Janus in 2014), and the team includes veterans of PIMCO, J.P. Morgan Asset Management, Cumberland/DRW, and iShares/Barclays Global Investors.

Name

Osprey Funds

Legal name

Osprey Funds, LLC

Website

https://ospreyfunds.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Osprey Funds is a privately held digital asset manager that operates single-coin grantor trusts and the first SEC-registered staking ETF, providing accredited and retail investors with brokerage-accessible exposure to Bitcoin, Solana, BNB, Polkadot, and BONK.

Ownership category

akta.pro rank

Product category

Digital Asset Management - Crypto Trust Funds

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM)

Keywords

• Digital asset management
• Cryptocurrency trust products
• Grantor trust funds
• Crypto investment trusts
• Specialty crypto funds

Headquarters

HQ city

Fairfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Management Fees: Osprey charges annual management fees on their trust products. The Osprey Bitcoin Trust charges 0.49% annually. Other non-Bitcoin trust products charge between 0.49% and 2.50% annually. These fees cover fund expenses including custody, audits, and administration.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

Osprey Funds manages a portfolio of single-coin grantor trusts that provide price exposure to individual cryptocurrencies (Bitcoin, Solana, BNB Chain, Polkadot, BONK) through regulated securities traded on OTCQX/OTCQB markets and via private placements to accredited investors. The firm earns recurring management fees ranging from 0.49% (OBTC) to 2.50% (other trusts) on assets under management, and co-launched the first U.S. SEC-registered staking ETF (SSK) with REX Shares.

Product overview

Osprey Funds is a specialty digital asset management company offering a portfolio of single-coin grantor trusts that provide exposure to individual cryptocurrencies without requiring investors to manage wallets, keys, or storage. The product lineup includes Osprey Bitcoin Trust (OBTC) at 0.49% fee as the flagship product, along with trusts for Solana (OSOL), BNB Chain (OBNB), Polkadot (ODOT), and BONK (OBNK) at 2.5% fees. Additionally, the company partnered with REX Shares to launch the REX-Osprey Solana + Staking ETF (SSK), the first SEC-registered staking ETF in the U.S. The trusts are structured as grantor trusts for U.S. federal tax purposes, with daily NAV determined at 4pm. Most products are available both publicly via OTCQX/OTCQB markets and through private placements to accredited investors with minimum investments of $10,000-$25,000.

Differentiator

Problem solved

Functional benefit

Brands

• Osprey Bitcoin Trust: Single coin trust providing Bitcoin exposure with 0.49% annual management fee, publicly traded on OTCQX under ticker OBTC
• Osprey Solana Trust
• Osprey BNB Chain Trust
• Osprey Polkadot Trust
• Osprey BONK Trust

Products and services

• Osprey Bitcoin Trust (OBTC) A publicly-traded grantor trust providing Bitcoin price exposure through a Delaware-structured vehicle with shares trading on OTCQX, charging a 0.49% annual management fee. Targeted at accredited and non-accredited investors seeking regulated BTC exposure without managing wallets or keys.
• Osprey Solana Trust (OSOL) A grantor trust providing Solana (SOL) price exposure, publicly quoted on OTCQX, subject to a 12-month lock-up period for private placements. Announced for liquidation in June 2026.
• Osprey BNB Chain Trust (OBNB) A publicly-quoted grantor trust providing exposure to BNB token on the BNB Chain network, available via private placement and through OTCQX trading.
• Osprey Polkadot Trust (ODOT) A grantor trust providing Polkadot (DOT) price exposure, subject to a 12-month lock-up period for private placements. Announced for liquidation in June 2026.
• Osprey BONK Trust (OBNK) A publicly-quoted grantor trust on OTCQX providing exposure to BONK, a Solana-based meme token, with Securitize Fund Services as custodian/administrator and a 2.5% expense ratio.
• REX-Osprey Solana + Staking ETF (SSK) The first SEC-registered staking ETF in the U.S., structured under the Investment Company Act of 1940 and co-launched with REX Shares. Provides exposure to Solana (SOL) while distributing staking rewards through Anchorage Digital Bank as exclusive custodian.
• Osprey NFT Fund A private placement offering focused on NFT investments, launched in 2021 within Osprey's newly established Alpha Division.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• Anchorage Digital BankcoreTechnology or Integration · 1 July 2025Anchorage Digital Bank serves as the staking partner and exclusive qualified custodian for the REX-Osprey Solana + Staking ETF, the first SEC-registered staking ETF in the U.S. structured under the Investment Company Act of 1940. The partnership enables institutional digital asset adoption by providing secure staking infrastructure within a regulated fund structure.
• REX SharescoreStrategic or Co-development Partner · 21 January 2025REX Shares and Osprey Funds co-launched the REX-Osprey Solana + Staking ETF (ticker SSK), the first U.S.-listed ETF offering direct exposure to crypto-assets including staking rewards. The product is structured under the Investment Company Act of 1940.
• Securitize Fund ServicescoreTechnology or IntegrationSecuritize Fund Services serves as the Custodian and Administrator for the Osprey BONK Trust (OBNK), providing fund administration and custody services for the publicly quoted trust product.
• Continental StocksupportingTechnology or IntegrationContinental Stock serves as the transfer agent for Osprey Funds, facilitating the transfer of private placement shares into brokerage accounts after lock-up periods expire.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Grayscale Investments: Grayscale is the largest crypto asset manager with single-asset trusts (GBTC, ETHE) and now spot ETFs. Direct competitor to Osprey's single-coin trust products and the reference point for fee compression in the category.
• Bitwise Asset Management: Bitwise is a crypto index fund and ETF sponsor that agreed to acquire OBTC assets. Competes head-to-head in crypto ETP issuance and institutional crypto allocations.
• 21Shares: 21Shares (now part of FalconX) operates one of the largest suites of crypto ETPs in Europe and the U.S., including single-asset and thematic products. Directly comparable single-coin and altcoin ETP issuer.
• CoinShares: CoinShares is a European crypto ETP issuer with single-asset products on BTC, ETH, and altcoins. Operates a comparable single-asset grantor trust / ETP model with similar fee structure dynamics.

Emerging players

• Valkyrie Funds: Valkyrie is a Nashville-based crypto asset manager with spot Bitcoin and altcoin ETFs. Comparable niche competitor pursuing a similar single-asset and staking-product roadmap to Osprey/REX.
• Hashdex: Hashdex manages crypto index ETFs (Nasdaq Crypto Index) and spot products. Adjacent peer competing for diversified crypto allocation mandates that Osprey does not yet offer.
• REX Shares: REX Shares is Osprey's co-launch partner on the SSK staking ETF, founded by the same CEO (Greg King). Strategic ally and structurally adjacent issuer with shared distribution economics on co-developed products.

Broad incumbents

• WisdomTree: WisdomTree is an established ETP issuer that expanded into crypto through a Bitcoin ETP and digital fund offerings. Broad incumbent with overlapping crypto single-asset exposure.
• VanEck: VanEck is a long-standing ETF issuer with a crypto product suite including Bitcoin ETF and Ethereum ETF. Comparable in product breadth and in pursuing altcoin/thematic crypto products.
• Fidelity Digital Assets: Fidelity operates spot Bitcoin and Ethereum ETFs with institutional custody and a deep advisor distribution network. A scale incumbent whose product expansion squeezes niche single-coin trust issuers.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/ospreyfunds

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Osprey Funds