Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Cryptocurrency

Crypto asset management firm Osprey Funds has launched a Solana trust product for private placement.

Crypto asset manager Osprey Funds launches Solana trust product

The product will offer exposure to SOL, the native token used on the Solana blockchain. Osprey said it is the first investment product in the U.S. to invest exclusively in SOL. Osprey rival Grayscale recently said it is exploring to launch a trust product tied to SOL but has yet to launch one.

The Osprey Solana fund is currently available to accredited investors for subscription with a $10,000 minimum investment. The asset manager said it intends to pursue listing the fund on the OTCQX over-the-counter market “as soon as possible” and has also waived the 2.5% management fee for all investors until January 2023.

Osprey Funds continues to expand its offerings. The firm currently offers products tied to bitcoin (BTC), Polkadot’s DOT, and Algorand’s ALGO tokens.

The Solana product comes at a time when the token’s price has skyrocketed to nearly $200 from below $50 a month ago. SOL is seeing interest from both retail and institutional investors, as The Block reported recently.

theblockcrypto

Featured

NFT

Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...

Finance

Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...

Altcoin

The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...