The product will offer exposure to SOL, the native token used on the Solana blockchain. Osprey said it’s the primary investment product within the U.S. to take a position exclusively in SOL. Osprey rival Grayscale recently said it’s exploring to launch a trust product tied to SOL but has yet to launch one.
The Crypto Asset Manager Osprey Solana fund is currently available to accredited investors for subscription with a $10,000 minimum investment. The asset manager said it intends to pursue listing the fund on the OTCQX stock exchange “as soon as possible” and has also waived the two and a half percent management fee for all investors until January 2023.
Osprey Funds continues to expand its offerings. The company at the moment offers products related to bitcoin (BTC), Polkadot’s DOT, and Algorand’s ALGO tokens.
The Solana product comes at a time when the token’s price has skyrocketed to almost $200 from below $50 a month ago. Slana getting interest from retail and institutional investors.
Solana ($SOL) Could ‘Easily 3X From Here’, Says Partner at Spartan Capital
Spartan Capital is a cryptoasset management firm with an investment team that has “over 20 years of experience in investment research and capital management for top-tier firms such as Goldman Sachs and Indus Capital.”
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