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- Osprey Funds launched the first U.S. publicly-quoted fund based on BNB, enhancing access for traditional investors.
- The Osprey BNB Chain Trust bridges traditional finance with blockchain, offering regulated exposure to the BNB ecosystem.
Osprey Funds, LLC has announced the launch of BNB Chain Trust, which represents a significant advance in the US financial markets.
Publicly traded on the OTCQX Best Market under the symbol “OBNB,” the trust is presently Based on BNB, the native token of the BNA Chain ecosystem, this project marks the first publicly-quoted fund in the United States.
For investors, this development offers a new and practical way to expose themselves to BNB, a coin that has been essential in the growth of decentralized banking and blockchain-based applications.
We are proud to announce the Osprey BNB Chain Trust, $OBNB, is now publicly-quoted on @OTCMarkets 🎉$OBNB offers investors exposure to $BNB, the native token of the BNB Chain, and is the first publicly-quoted U.S. $BNB fund!!
Learn more here👇https://t.co/ziMvgweL7i
— Osprey Funds (@OspreyFunds) December 18, 2024
Simplifying BNB Access for U.S. Investors Through Osprey Funds
Historically, BNB has not been easily accessible through centralized exchanges in the U.S., which presents difficulties for investors trying to add it into their portfolios. The Osprey BNB Chain Trust modifies this dynamic by allowing investors to access BNB via their regular brokerage accounts or individual retirement plans (IRAs).
This fund lets investors expose themselves to BNB in a regulated and familiar way by closing the gap between traditional finance and digital assets. Furthermore, this confidence might be a strategic choice for people wishing to diversify their portfolios with assets from the quickly expanding blockchain ecosystem.
Osprey Funds CEO Greg King underlined the company’s dedication to creativity and diversity in the digital asset scene. He underlined that this project reflects their aim of exposing to the public more institutional-grade investing possibilities.
Osprey Funds not only streamlines access to BNB but also creates a model for comparable projects aiming at other digital assets going forward using the BNB Chain Trust.
This action will help BNB to be more visible and accepted in traditional financial circles, therefore strengthening the link between the worlds of blockchain and traditional investing.
On the other hand, a few days ago, CNF previously noted that various reasons drove Binance Coin’s latest ATH at $794. Rising trading volumes, positive technical indicators like the MACD, and record-breaking on-chain activity all together have helped to explain this price climb.
Meanwhile, as of writing, BNB is swapped hands at about $702.00, up 14.18% over the last 30 days and corrected in the last few days.
