cryptocurrency Markets are rapidly adapting to the corporate market and new channels are opening for corporates to invest. We have seen many different products for BTC and ETH. After options, spot and futures ETFs, trusts, now it is the turn of altcoins. Today, good news came for the altcoin of the largest crypto exchange in terms of volume.
BNB Coin Trust
GBTC and investors remember ETHE like it was yesterday. Both of these trusts became spot ETFs and attracted billions of dollars in investment. Now we see the issuance of a US-based BNB Coin trust for the first time. Osprey Funds Launched Osprey BNB Chain Trust (OTCQX: OBNB), the first open-rights US BNB Coin fund.
Osprey Funds CEO said;
“At Osprey, we are committed to bridging the gap between traditional finance and crypto assets and providing investment solutions for those who want to participate in the massive transformation enabled by blockchain technology.
“The launch of crypto assets underscores our focus on providing access to leading crypto assets.”
BNB Coin price It was not affected much by this major development due to the fluctuation in BTC.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
