BNB Finally Has Its Own Fund: US Investors Can Enter the Market - Coin Bulletin

Cryptocurrency investment firm Osprey Funds, LLC, announced today a new investment fund called Osprey BNB Chain Trust.

The fund is the first BNB-based fund to be publicly traded on the OTCQX® Best Market in the US. This development provides investors with access to BNB, one of the largest cryptocurrencies in terms of market value.

Access to BNB in the US

BNB is used as the primary token of BNB Chain for decentralized applications (dApps), DeFi protocols, and smart contracts. However, due to BNB not being listed on centralized exchanges in the US, investors face difficulties in accessing this asset directly. Osprey BNB Chain Trust offers US-based investors the opportunity to invest in BNB with USD through traditional brokerage and individual retirement accounts (IRA).

The fund, initially accessible through private placement, is now also available to general investors on the OTCQX market.

Osprey Funds CEO Greg King made the following statements regarding the launch of the fund:

"As Osprey, we are committed to filling the gap between traditional finance and digital assets. We offer investment solutions for those who want to participate in the transformation opportunities offered by blockchain technology. The launch of the Osprey BNB Chain Trust once again demonstrates our focus on providing access to leading crypto assets."