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Osprey Funds has launched the Osprey BNB Chain Trust, the first publicly-quoted fund in the U.S. based on BNB, the native token of the BNB Chain ecosystem. Trading under the symbol “OBNB” on the OTCQX Best Market, this fund provides traditional investors regulated access to BNB through standard brokerage accounts and IRAs, bridging the gap between traditional finance and digital assets. CEO Greg King emphasized the initiative's role in enhancing institutional-grade investment opportunities and increasing BNB's visibility in traditional financial markets.
Binance Coin (BNB) is gaining traction, recently trading at approximately $702, with institutional interest spurred by the launch of the Osprey BNB Chain Trust on the OTCQX platform. The BNB ecosystem boasts over $5 billion in total value locked and has seen a significant increase in active addresses, attracting whale investors. Analysts suggest BNB could target a price range of $930 to $1,095, contingent on maintaining support above $690.
REX Financial has launched the REX Crypto Equity Premium Income ETF, utilizing a covered call strategy to generate income from 25 cryptocurrency stocks. The ETF tracks the BITA Crypto Assets & Digital Payments Index, which has surged 80% in 2023, reflecting growing interest in the crypto sector. This marks REX's third covered call ETF, following previous launches focused on Nasdaq and AI stocks, as the market for cryptocurrency ETFs continues to expand amid evolving regulatory landscapes.
Greg King
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Osprey Funds launches first publicly quoted BNB trust in the US
16:00 19.12.2024
Binance Coin poised for significant growth amid institutional interest and new fund launch
11:45 19.12.2024
REX Financial launches crypto stock income ETF using covered call strategy
22:00 04.12.2024
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