Bitwise 比特幣 ETF (BITB) 收購 Osprey 比特幣信託 (OBTC)

週二的聯合聲明中透露，這筆交易將使 OBTC 投資者收到 BITB 股票，作為其清算分配的一部分。

Bitwise, the company behind the first U.S. Bitcoin exchange-traded fund (ETF), is merging Osprey Bitcoin Trust (OBTC) into its fund, according to a joint statement on Tuesday.

根據週二的聯合聲明，Bitwise 是美國第一個比特幣交易所交易基金 (ETF) 背後的公司，正在將 Osprey 比特幣信託基金 (OBTC) 合併到其基金中。

As part of the deal, OBTC investors will receive shares of the Bitwise ETF (BITB) in a liquidating distribution.

作為交易的一部分，OBTC 投資者將獲得清算分配中的 Bitwise ETF (BITB) 股票。

Osprey, a smaller competitor in the Bitcoin ETF market, had about $120 million in assets under management.

Osprey 是比特幣 ETF 市場中規模較小的競爭對手，管理約 1.2 億美元的資產。

The merger will see OBTC investors paying lower fees (0.2% with BITB versus 0.49% with OBTC) and will benefit from BITB's more accurate tracking of the Bitcoin price.

此次合併將使 OBTC 投資者支付更低的費用（BITB 為 0.2%，OBTC 為 0.49%），並將受益於 BITB 更準確地追蹤比特幣價格。

While BITB shares tend to follow Bitcoin's value more closely, OBTC investors have seen their shares drift away from the cryptocurrency's actual price at times.

雖然 BITB 股票往往更接近比特幣的價值，但 OBTC 投資者有時會發現他們的股票偏離了加密貨幣的實際價格。

For instance, over the past month, OBTC shares dropped by 4.27%, while Bitcoin fell by 9.34%. Meanwhile, BITB was down 8.56%, showing a closer alignment with Bitcoin's price movements.

例如，過去一個月，OBTC 股價下跌了 4.27%，而比特幣則下跌了 9.34%。同時，BITB 下跌 8.56%，與比特幣的價格走勢更一致。

The acquisition is part of a broader effort by Bitwise to expand its presence in the competitive Bitcoin ETF market, where it competes with large players like BlackRock, Fidelity and Grayscale.

此次收購是Bitwise 擴大其在競爭激烈的比特幣ETF 市場的影響力的更廣泛努力的一部分，該市場與貝萊德(BlackRock)、富達(Fidelity) 和灰度(Grayscale) 等大型企業展開競爭。

Recently, Bitwise also expanded into Europe by acquiring the London-based ETC Group, which offers similar crypto investment products.

最近，Bitwise 也透過收購總部位於倫敦的 ETC Group 向歐洲擴張，該集團提供類似的加密貨幣投資產品。

The expansion brings Bitwise's total assets under management to $4.5 billion, further establishing its presence in the global crypto market.

此次擴張使 Bitwise 管理的總資產達到 45 億美元，進一步確立了其在全球加密貨幣市場的地位。