Osprey Bitcoin Trust (OBTC)

Distributing

Strong institutional distribution: ownership decreased -35.88% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

6.26%

QoQ Change

-35.88%

Total Value

$3.6B

Shares Outstanding

2.9M

Crowding AnalysisModerate

Holders15of 5,944

Avg: 68

Uncrowded73th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.56x

37th percentile

5 buying9 selling

New

-7

Closed

-1,055,035

Net shares

Holding Period Distribution

estimate

Median: 2 QAvg: 1.9 QHolders: 15

Ownership Concentration

Top 5: 88.9%Top 10: 99.7%

JANE STREET GROUP,46.5%

CITADEL ADVISORS20.4%

FLOW TRADERS U.S.11.2%

LPL Financial5.5%

COMMONWEALTH EQUITY SERVICES,5.3%

Others (10)11.1%

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Conviction-Weighted Ownership

Median weight: 0.00%Avg weight: 0.00%Max: 0.01%High conviction (>1%): 0

COMMONWEALTH EQUITY SERVICES,

SAX WEALTH ADVISORS,

UBS Group AG

MAI Capital Management

Ancora Advisors

Triumph Capital Management

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

SOLDJANE STREET GROUP$21M958K shr

BOUGHTCITADEL ADVISORS$498K23K shr

NEWSAX WEALTH ADVISORS$218K8K shr

NEWUBS Group AG$132K6K shr

NEWMAI Capital Management$98K4K shr

NEWJANE STREET GROUP$29M1.0M shr

NEWMint Tower Capital Management B.V.$1M48K shr

NEWSUSQUEHANNA INTERNATIONAL GROUP, LLP$868K31K shr

NEWHunting Hill Global Capital$583K21K shr

NEWFLOW TRADERS U.S.$506K18K shr

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Institutional Trends (5 Quarters)

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Institutional Holders

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