Osprey Funds Launches First Public Fund in the U.S. Based on BNB Chain
Osprey Funds, a prominent crypto investment firm, has introduced the Osprey BNB Chain Trust, marking the debut of the first public fund in the United States centered on BNB, the primary token of the BNB Chain ecosystem.
BNB, ranked as the fifth-largest cryptocurrency by market capitalization (excluding stablecoins), plays a pivotal role in the BNB Chain, facilitating decentralized applications, DeFi protocols, and smart contracts. Nonetheless, the absence of BNB’s listing on centralized U.S. exchanges has posed challenges for American investors. To address this gap, the Osprey BNB Chain Trust has been established, offering exposure to BNB and USD-denominated investments through conventional brokerage accounts and IRAs.
Initially available through private placement, the Osprey BNB Chain Trust has now transitioned to public trading on the OTCQX market, granting accessibility to investors nationwide.
Greg King, CEO of Osprey Funds, emphasized the company’s dedication to bridging traditional finance with the expanding digital asset landscape. “At Osprey, our mission is to bridge the gap between traditional finance and digital assets, providing investment opportunities for those seeking to engage in the transformative potential of blockchain technology,” King stated. “The launch of the Osprey BNB Chain Trust underscores our commitment to offering exposure to leading crypto assets.”
*Disclaimer: This content does not constitute investment advice.