Osprey launches the first BNB investment fund in the US
Osprey Funds has officially launched the first BNB investment fund in the US, called Osprey BNB Chain Trust (OBNB). The fund is listed on the OTCQX market, allowing US investors to access BNB tokens through a public investment fund. OBNB offers the ability to trade shares directly on OTCQX with competitive management fees and integration into retirement accounts such as IRAs or Roth IRAs. CEO of Osprey Funds, Greg King, believes that OBNB is a big step forward in connecting traditional finance and digital assets. Unlike ETFs, OBNB is a trust fund that trades on OTCQX, resulting in price fluctuations due to supply and demand. At the time of writing, OBNB stock price fluctuates around 55 USD. Changpeng Zhao (CZ), former CEO of Binance, expressed praise for OBNB. Some say OBNB has the potential to usher in a wave of other BNB fund launches in the US.
