Osprey Funds launches first U.S. public BNB Trust on OTCQX market
The company currently offers publicly traded trusts for BTC, SOL and DOT
Fairfield, Connecticut-based Osprey Funds has announced the launch of the first publicly traded BNB Chain Trust in the United States.
The trust will be available to a broad range of investors on the OTCQX over-the-counter market, the highest tier of the OTC market. It targets traditional investors seeking to add premium digital assets to their portfolios.
According to Osprey Funds, BNB plays a pivotal role in the BNB Chain ecosystem, supporting decentralized finance (DeFi), NFTs, and smart contracts. It is currently the fifth-largest cryptocurrency by market capitalization, excluding stablecoins.
Digital assets for conservative investors
With this fund, Osprey enables investors to gain exposure to BNB without the complexities of direct cryptocurrency trading."At Osprey, we aim to bridge the gap between traditional finance and digital assets by offering investment solutions for those looking to participate in the generational transformation enabled by blockchain technology," commented Greg King, CEO of Osprey Funds.
This initiative marks another step in Osprey’s expansion in the cryptocurrency market. The company currently offers publicly traded trusts for Bitcoin, Solana, and Polkadot, as well as private placement options for its BONK Trust.
The U.S. Securities and Exchange Commission (SEC) has approved dual Bitcoin and Ethereum exchange-traded funds (ETFs) from Hashdex and Franklin Templeton, marking another milestone in the integration of cryptocurrencies into mainstream financial markets.
