Osprey Polkadot Tr
ODOT
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 520 White Plains Avenue Tarrytown United States of America 10591
- IPO Date
- May 4, 2022
- Website
- ospreyfunds.io
- Similar Companies
- Business
- Osprey Polkadot Trust (ODOT) is a Delaware statutory trust sponsored by Osprey Funds, LLC that provides investors with exposure to DOT, the native token of the Polkadot Network, by holding substantially all of its assets in DOT; the Trust offers Shares representing fractional undivided beneficial interests in its holdings, which are publicly traded on OTCQX under the ticker ODOT and available to accredited investors via private placement or all investors in the secondary market. The Trust accepts subscriptions in USD or DOT, maintains secure cold storage custody through Coinbase Custody Trust Company, LLC, undergoes annual audits by Cherry Bekaert, and levies a 2.5% annual management fee, with no current redemption program in place. It operates without active management, aiming solely to track DOT's price performance less Trust expenses, and is IRA-eligible through select providers. Founded on March 25, 2021, and headquartered through its sponsor at 1241 Post Road, 2nd Floor, Fairfield, CT 06824, the Trust primarily serves U.S. investors seeking simplified access to Polkadot's heterogeneous multi-chain protocol, which enables interoperability, scalability, governance, and security across parachains. Shares trade at potential premiums or discounts to net asset value due to secondary market dynamics, with 547,969 Shares outstanding as of December 31, 2024; the Trust engages in administrative activities including DOT sales for fees, staking via custodian bonding for sponsor rewards, and potential distributions from forks or airdrops. In recent developments, the Trust implemented a reverse stock split effective March 24, 2023, as announced on its website; it continues ongoing private placements with a minimum $10,000 subscription and unlimited authorized Shares under Rule 506(c). Amendments to its Trust Agreement occurred on December 1, 2022 (Amendment No. 1) and March 15, 2023 (Amendment No. 2), refining governance and operations; the sponsor relocated offices from Miami, FL to Fairfield, CT by 2024, as reflected in annual reports. No major acquisitions, funding rounds, or new product launches specific to ODOT have been reported in the last 1-2 years, with focus remaining on core DOT exposure amid stable operations and OTCQB trading since May 25, 2022.