- ISIN
- US68839C2061
- Issuer
- Osprey
- Inception Date
- Feb 11, 2021
- Region
- Global (Broad)
- Category
- Cryptocurrency, Blockchain
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bitcoin (BTC)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
- Assets Under Management
- $61M
Highlights
- Avg. Volume (1M)
- 9K
- Avg. Volume Value (1M)
- $187.41K
Share Price Chart
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Performance
OBTC Performance Chart
Osprey Bitcoin Trust (OBTC) is down 26.7% since the beginning of the year. OBTC is currently trading at $21 per share. Investors who bought $1,000 worth of OBTC shares 5 years ago would now be looking at an investment worth $1,303.
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Returns By Period
Osprey Bitcoin Trust (OBTC) has returned -26.66% so far this year and -36.66% over the past 12 months.
Osprey Bitcoin Trust
- 1D
- 0.95%
- 1M
- 4.80%
- 6M
- -16.02%
- YTD
- -26.66%
- 1Y
- -36.66%
- 3Y*
- 42.55%
- 5Y*
- 5.44%
- 10Y*
- —
- ALL TIME*
- -6.65%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
OBTC Monthly Returns History
Based on dividend-adjusted daily data since Feb 12, 2021, OBTC's average daily return is +0.09%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 52% of months were positive and 48% were negative. The best month was Jan 2023 with a return of +59.7%, while the worst month was Mar 2021 at -40.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, OBTC closed higher 48% of trading days. The best single day was Feb 12, 2021 with a return of +66.1%, while the worst single day was Feb 19, 2021 at -54.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.38% | -21.60% | 3.35% | 12.64% | -3.93% | -20.25% | 7.32% | 2.18% | -26.66% | ||||
| 2025 | 8.89% | -17.70% | -1.98% | 11.66% | 3.39% | 7.16% | 6.48% | -5.15% | 9.14% | -3.14% | -16.25% | 0.98% | -1.87% |
| 2024 | 3.78% | 10.85% | 48.95% | -15.49% | 13.89% | -10.73% | 11.48% | -7.84% | 8.78% | 9.24% | 35.18% | -4.97% | 130.89% |
| 2023 | 59.68% | 13.26% | 0.46% | 4.56% | -7.04% | 20.83% | 1.42% | -1.12% | -0.00% | 29.97% | 25.46% | 8.28% | 277.81% |
| 2022 | -19.81% | 12.06% | 6.70% | -18.60% | -20.20% | -35.75% | 25.94% | -7.23% | -15.51% | -1.71% | -20.41% | -15.64% | -73.93% |
| 2021 | 39.53% | -40.29% | -20.18% | -30.37% | 10.19% | 13.09% | -16.84% | -9.93% | 37.59% | -4.11% | -26.48% | -58.07% |
Benchmark Metrics
Osprey Bitcoin Trust has an annualized alpha of 4.65%, beta of 1.24, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since February 12, 2021.
- This ETF participated in 124.56% of S&P 500 Index downside but only 46.31% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.65%
- Beta
- 1.24
- R²
- 0.07
- Upside Capture
- 46.31%
- Downside Capture
- 124.56%
Expense Ratio
OBTC has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
OBTC ranks 3 for risk / return — above 3% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Osprey Bitcoin Trust (OBTC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OBTC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.31 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.45 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.18 | 10.40 | -11.58 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Osprey Bitcoin Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Osprey Bitcoin Trust was 94.50%, occurring on Nov 18, 2022. The portfolio has not yet recovered.
The current Osprey Bitcoin Trust drawdown is 63.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-94.50%Nov 2022 | 1y 9mo | — | 5y 5moFeb 2021 - now | Bear market2022 |
Drawdown Indicators
| OBTC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.50% | -56.78% | -37.72% |
Max Drawdown (1Y)Largest decline over 1 year | -49.62% | -9.10% | -40.52% |
Max Drawdown (3Y)Largest decline over 3 years | -49.62% | -18.90% | -30.72% |
Max Drawdown (5Y)Largest decline over 5 years | -83.76% | -25.43% | -58.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -63.37% | 0.00% | -63.37% |
Average DrawdownAverage peak-to-trough decline | -69.41% | -10.70% | -58.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.21% | 2.14% | +29.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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