"The Osprey Bitcoin Trust's (OBTC) bitcoin is held at Coinbase Custody," tweeted Osprey founder and CEO Greg King late Monday morning. King went on to reveal the public address of the funds.

The Osprey trust has around $46 million in assets under management (AUM), far smaller than the Grayscale Bitcoin Trust's (GBTC) $10.5 billion. Both funds trade at 40%+ discounts to their net asset value (NAV) – a figure that summarizes the per-share value of their underlying holdings.

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Grayscale is owned by Digital Currency Group (DCG), which is also the parent company of crypto investment bank Genesis Global Trading and CoinDesk. Thanks to the struggles of Genesis' crypto lending unit, Grayscale has come under some public pressure to provide transparency surrounding its bitcoin (BTC) holdings.

Citing security issues, Grayscale had decided not to disclose public address information, but did provide a letter from Custodian Coinbase confirming the security of all assets held there for Grayscale and saying holdings are accurately reflected in Grayscale's various public and private findings.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Osprey Publishes Public Address for Its Trust's Bitcoin Holdings

The far larger Grayscale Bitcoin Trust has declined to make similar information known for security reasons.

How to Make the Most With Your Crypto in the Next Rate Cut Cycle