Digital asset investment company Osprey Funds recently launched Osprey BNB Chain Trust (OTCQX: OBNB), the first publicly quoted fund in the United States based on Binance's native token BNB. This innovative fund provides American investors with a new way to access BNB, the fifth-largest cryptocurrency by market capitalization, just behind stablecoins.
What is BNB? What are the benefits of the open BNB fund?
BNB is the core of the BNB Chain ecosystem, supporting the operation of decentralized applications (dApps), decentralized finance (DeFi) protocols, and smart contracts. Despite BNB's significant position globally, investor access to BNB is limited due to regulatory restrictions on centralized exchanges in the United States. Osprey BNB Chain Trust changes this situation, allowing investors to use USD to invest in BNB through traditional economic accounts and individual retirement accounts (IRAs).
Osprey BNB Chain Trust: From Private Placement to Public Trading
Osprey BNB Chain Trust was initially available only through private placements, but it is now listed on the OTCQX® Best Market, providing accessibility for investors and building a bridge between traditional finance and blockchain assets.
Osprey Funds CEO Greg King stated that the company is committed to expanding access to digital assets. He said, 'At Osprey, we are dedicated to building bridges between traditional finance and digital assets, providing solutions for investors looking to participate in the generational shift brought about by blockchain technology. The launch of Osprey BNB Chain Trust highlights our core mission to provide top-tier access to crypto assets for investors.'
Binance founder Zhao Changpeng's view on Osprey BNB Chain Trust
Binance founder Zhao Changpeng (CZ) expressed gratitude for the unity of the BNB community, stating that although he had no involvement in this matter and only learned about it a few days ago.
This article 'Osprey Funds launches the first publicly quoted BNB fund in the US, CZ praises but denies involvement' first appeared in Chain News ABMedia.
