Osprey Funds launched the first US BNB-based exchange-traded fund, improving access for traditional investors.
The Osprey BNB Chain Trust bridges the gap between traditional finance and blockchain, offering regulated exposure to the BNB ecosystem.
Osprey Funds, LLC has announced the launch of the BNB Chain Trust, representing a significant advancement in the U.S. financial markets.
Publicly listed on the OTCQX Best Market under the ticker symbol “OBNB,” the trust is currently based on BNB, the native token of the BNA Chain ecosystem, and marks the first publicly traded fund in the United States.
For investors, this development offers a new and practical way to gain exposure to BNB, a currency that has been essential in the growth of decentralized banking and blockchain-based applications.
Simplifying access to BNB for US investors through Osprey Funds
Historically, BNB has not been easily accessible through centralized exchanges in the U.S., posing difficulties for investors looking to incorporate it into their portfolios. The Osprey BNB Chain Trust changes this dynamic by allowing investors to access BNB through their regular brokerage accounts or individual retirement plans (IRAs).
This fund allows investors to gain exposure to BNB in a regulated and familiar way, bridging the gap between traditional finance and digital assets. Additionally, this trust could be a strategic option for individuals looking to diversify their portfolios with assets from the rapidly expanding blockchain ecosystem.
Osprey Funds CEO Greg King underlined the firm’s dedication to creativity and diversity in the digital asset landscape. He stressed that this project reflects its goal of exposing the public to more institutional-grade investment possibilities.
Osprey Funds not only streamlines access to BNB, but also creates a model for comparable projects targeting other digital assets in the future using the BNB Chain Trust.
This move will help make BNB more visible and accepted in traditional financial circles, thus strengthening the link between the worlds of blockchain and traditional investment.
On the other hand, a few days ago, CNF previously pointed out that several reasons drove Binance Coin’s latest ATH at $794. Rising trading volumes, positive technical indicators like the MACD, and record on-chain activity have helped explain this price surge.
Meanwhile, at the time of writing, BNB is trading at around $690.80, which is up 14% over the past 30 days and correcting in the past few days.
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