Digital asset investment company Osprey Funds recently launched Osprey BNB Chain Trust (OTCQX: OBNB), the first publicly quoted fund in the U.S. based on Binance's native token BNB. This innovative fund provides U.S. investors with a new way to access BNB, which is the fifth largest cryptocurrency by market capitalization, second only to stablecoins.
What is BNB? What are the benefits of the open BNB fund?
BNB is the core of the BNB Chain ecosystem and supports the operation of decentralized applications (dApps), decentralized finance (DeFi) protocols, and smart contracts. Despite BNB's significant global presence, investor access to BNB is limited due to U.S. regulatory restrictions on centralized exchanges. Osprey BNB Chain Trust changes this status quo, allowing investors to use USD to invest in BNB through traditional economic accounts and Individual Retirement Accounts (IRAs).
Osprey BNB Chain Trust: From Private Subscription to Public Trading
Osprey BNB Chain Trust was initially only available through private subscription, but it is now listed on the OTCQX® Best Market, providing accessibility for investors and bridging the gap between traditional finance and blockchain assets.
Greg King, CEO of Osprey Funds, stated that the company is committed to expanding opportunities for exposure to digital assets. He said, 'At Osprey, we are dedicated to bridging the gap between traditional finance and digital assets, providing solutions for investors looking to engage in the generational shift brought by blockchain technology. The launch of Osprey BNB Chain Trust highlights our core goal of providing investors with top-tier access to cryptocurrency assets.'
Binance founder Zhao Changpeng's views on Osprey BNB Chain Trust
Binance founder Zhao Changpeng (CZ) stated that although he had no involvement in this matter and only learned about it a few days ago, he is grateful for the unity of the BNB community.
This article 'Osprey Funds Launches First Publicly Quoted BNB Fund in the U.S., CZ Approves but Denies Involvement' first appeared in Chain News ABMedia.
