Osprey Unveils Solana Trust, the First US Fund Dedicated to Solana Blockchain

A small digital assets company has created the foremost US fund that invests only in Solana, a smart-contract platform (SOL). As per a news release, authorized investors may subscribe to Osprey Fund’s Solana Trust for a $10,000 minimum commitment.

Solana, which has lately garnered notice from cryptocurrency experts, has had its token increase by almost 50% in the last week. As per CoinGecko, SOL is now trading at $192.54. According to Greg King, CEO of the New York City-based business, Solana’s technology offers a distinct advantage over its rivals.

“Solana has the capability to transform into the backbone of a decentralized, integrated financial infrastructure that creates a single worldwide value for assets. We are working to make onramps for investors to engage what we think are the most attractive blockchain technology with the launch of the Osprey Solana Trust.”

Grayscale, the cryptocurrency investing behemoth, said in June that it was contemplating the addition of Solana to its assets in order to offer it as an investment vehicle. This week, total value locked (TVL) in Solana’s environment surpassed $8.7 billion.