“Can a small, low-cost crypto asset manager capture retail and institutional digital asset exposure demand by operating SEC-registered grantor trusts and ETFs without requiring investors to self-custody?”
Osprey Funds launched as a specialty digital asset investment manager offering low-cost alternatives to Grayscale's Bitcoin trust for accredited investors. It expanded to single-coin grantor trusts for assets like Solana. In late 2025, following the SEC's approval of spot Bitcoin ETFs, Osprey converted or relaunched OBTC as a NASDAQ-listed ETF structure, completing a pivot from private OTC trust to regulated exchange-traded product. The company remains a small (≈8-person) Fairfield, CT investment sponsor with institutional-grade custodians and fund service providers.
Osprey Funds discloses U.S. Bank Global Fund Services (in-house fund admin, not BaaS) as its banking provider, according to the Embedded Finance Index 2026.
Osprey Funds does not disclose a bank charter of its own; its banking services are provided through U.S. Bank Global Fund Services (in-house fund admin, not BaaS).
Osprey Funds's crypto products run on BitGo.
The Embedded Finance Index 2026 maps 2 layers in Osprey Funds's stack: Banking / BaaS (U.S. Bank Global Fund Services (in-house fund admin, not BaaS)); Crypto (BitGo).
Osprey Funds is headquartered in Fairfield, Connecticut, United States.
Osprey Funds has raised $11.5M in total (latest round: Series A, 2021).
Get a read on where your own stack stands against Osprey Funds and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.