In Brief:
- Osprey Funds launches the Solana Trust for private placement
- It is first investment product in the U.S to invest in SOL
- The Fund is available to accredited investors with $10,000 minimum investment.
- The fund will be listed on OTCQX market as soon as possible
Osprey Funds LLC, a premier digital asset management firm, launches the Osprey Solana Trust for private placement.
According to the announcement, the trust will offer exposure to SOL, a native token used on the Solana blockchain. Osprey said it is the first investment product in the U.S to invest exclusively in SOL.
“Solana has the potential to become the rails of an integrated, decentralized financial network that establishes one global price for assets. With the debut of the Osprey Solana Trust, we are continuing to build onramps for investors to access what we believe are the most promising blockchain technologies,” said Greg King, CEO of Osprey.
The Osprey Solana fund is currently available to accredited investors for subscription with a $10,000 minimum of investment. The asset manager said it intends to pursue listing the fund on the OTCQX market as soon as possible. It has also agreed to waive the management fee for all investors until January 2023.
Also Read: KB Asset Launches First Blockchain Investment Fund
Osprey Funds continue to grow its disruptive digital asset investment platform, with Solana trust being the fourth product launched this year. The firm currently offers Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust, and the Osprey Algorand Trust.
