Crypto asset management firm, Osprey Funds has finally launched the Solana trust product to its investors with a minimum investment subscription of $ 10,000.
Clearly Osprey, this is the first Solana (SOL) investment product to exist in the United States market.
Not stopping just here, the firm also plans to want to list Solana funds on the OTCQX market as soon as possible, even agreeing to abolish management costs by 2.5% to its investors until January 2023.
In addition to Solana, Osprey Funds also offers Bitcoin (BTC), Polkadot (DOT), and Algorand (ALGO) trust products.
Previously, Grayscale has also revealed that they are planning to launch SOL trust products but have yet to show signs of moving in that direction.
Osprey’s CEO also expressed his confidence in Solana, claiming the network is a potential technology because of its uniqueness compared to other blockchains.
As expected by Intraday analysts, Solana once again charted an all -time high price (ATH) with a record yesterday afternoon, $ 216.
However, at the time of writing this asset was valued at $ 190.16, down over 9% in 24 hours, while down nearly 11% from yesterday’s latest ATH.
