CandleFocus Fund Created in the US for a Surprise Altcoin – ETF Footsteps?
2024-12-18
Author: Content Editor
Osprey Funds, a crypto investment firm, has launched the Osprey BNB Chain Trust, the first public fund in the US based on BNB, the native token of the BNB Chain ecosystem. BNB is the fifth-largest cryptocurrency but is limited in its access to American investors due to its lack of listing on centralized US exchanges. The Osprey BNB Chain Trust aims to fill this gap by providing exposure to BNB and USD-denominated investments through traditional brokerage accounts and IRAs. The fund was initially offered through private placement but is now available for public trading on the OTCQX market. Osprey Funds CEO Greg King emphasized the company's mission of connecting traditional finance with the expanding digital asset ecosystem.
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