Osprey Funds cashes in on Solana's hype by filing SOL Fund application

Solana (SOL), the single-chain, delegated, Proof-of-Stake protocol has been seeing rising consciousness and recognition of late. In reality, on the time of writing, it was nonetheless valued at just below $70 after corrections pulled it down from its 21 August ATH of $81.25

A brand new Solana-based providing 

Osprey Funds, a premier boutique digital asset funding agency, is the most recent entity looking for to capitalize on the crypto’s surging demand. The New York-based agency is striving to convey an funding providing targeted on Solana (SOL).

It not too long ago filed a doc with the U.S Securities and Trade Fee (SEC) for an Osprey Solana Belief. In accordance with the registered doc, the agency goals to launch the stated service to accredited traders. Nevertheless, exterior traders may additionally make the most of the service with a minimal funding of $10,000.

Located in Tarrytown, the agency in query might be the very first non-public Solana funding providing in the USA. Price noting, nonetheless, that different famend establishments have additionally expressed their curiosity in incorporating SOL. Grayscale Investments, for example, introduced in June that it’s contemplating including Solana to its crypto-token tree.

Cashing in on the hype?

Having stated that, none of Osprey Funds’ spokespersons made any extra touch upon this improvement. Trying on the firm’s historical past, it provides the Osprey Bitcoin Belief (OBTC), in addition to trusts that present a manner for accredited traders to entry the native tokens of Algorand and Polkadot networks.

Right here, it’s additionally price noting that as per a CoinShares report, Solana recorded the biggest inflows of any digital asset final week, bringing in round $7.1 million.

Supply: CoinShares

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By Xnode24

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