Cryptocurrency asset manager Osprey Funds has launched the Solana Trust solution for retail traders in the United States.
This new solution will deliver publicity to SOL, the underlying token of the Solana blockchain. According to the Osprey Funds disclosure, this is the initially investment solution in the United States to invest solely in SOL. Meanwhile, their rival Grayscale is nevertheless “struggling” to launch a believe in investment solution linked to Solana (SOL). However, at the second, Grayscale was unable to boot.
The Osprey Solana Fund is obtainable to accredited traders to register with a minimal investment of $ ten,000. The manager mentioned he hopes to be capable to listing the fund on the above-the-counter OTCQX industry “as soon as possible”. Additionally, Osprey Funds has also waived the two.five% management charge for all traders right up until January 2023.
Osprey Funds mentioned it is continuing to broaden its providers and merchandise. The firm at the moment features merchandise associated to Algorand’s Bitcoin (BTC), Polkadot (DOT) and ALGO, a token that just jumped extra than 268% following getting chosen by El Salvador to create blockchain for the nation.
The Solana Trust solution was announced to be launched at a time when the price tag of SOL was constantly growing. On September 9, SOL continued to set a new price tag record following famed comedian and MC Steve Harvey transformed his Twitter profile image to a “hot” NFT on the Solana ecosystem. At the time of the information, the price tag of SOL is traded close to 193 USD, up to 481% from the starting of August to now.
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