Why a new challenger bitcoin trust likely poses little threat to GBTC's dominance

Quick Take

  • A new bitcoin investment product, Osprey Bitcoin Trust (OBTC), is listing on OTC Markets in the coming days.
  • But market insiders are skeptical that Grayscale Bitcoin Trust’s dominant position is in jeopardy.
  • The main threat to GBTC might be a bitcoin ETF — if and when one receives approval.
Market insiders doubt that the imminent launch of Osprey's bitcoin trust puts Grayscale’s dominant position is in jeopardy.

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