CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2024-12-19 22:22:37

Osprey Funds Launches First US Publicly Quoted BNB Trust

Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way for investors to access the cryptocurrency through traditional brokerage and IRA accounts. BNB Gains US Accessibility In its official press release this week, Osprey highlighted that BNB underpins various decentralized applications, DeFi protocols, and smart contracts, and while it remains unavailable on centralized exchanges in the US, the latest fund would provide a means for investors to gain exposure using USD. Following the development, Greg King, CEO of Osprey Fund, commented, “At Osprey, we are committed to bridging the gap between traditional finance and digital assets, offering investment solutions for those looking to participate in the generational transformation enabled by blockchain technology. The launch of the Osprey BNB Chain Trust underscores our focus on providing access to premier crypto assets.” Previously offered through private placement, the Osprey BNB Chain Trust is now accessible to a broader audience via the OTCQX market. Confirming the news, Binance co-founder and former CEO Changpeng “CZ” Zhao also tweeted , “$OBNB. The first publicly-quoted U.S. $BNB fund! This was done with no involvement from me. I only learned about it a couple of days ago. Strong community!” BNB Ecosystem So Far At the time of writing, BNB is the fifth-largest crypto asset by market cap. It reached an all-time high above $780 in the first week of December amid a broader market rally. The price has since undergone minor correction and is currently near $702. BNB was still up by more than 182% over the past year. Despite this bullish momentum on the price front, BNB Chain faced a surge in sandwich attacks in November, with a record 35.5% of its blocks affected. These attacks, involving MEV techniques like front-running, exploited the chain’s decentralized exchange (DEX) transparency, impacting 43,400 traders. The post Osprey Funds Launches First US Publicly Quoted BNB Trust appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta