A boutique digital assets firm has launched the first US fund that invests solely in Solana, a smart-contract platform (SOL).
According to a press release, accredited investors can subscribe to Osprey Fund’s Solana Trust for a $10,000 minimum investment.
Solana, which has recently received attention from crypto analysts, has seen its token increase by nearly 50% in the last seven days. According to CoinGecko, SOL is currently trading at $192.54.
According to Greg King, CEO of the New York City-based company, Solana’s technology has a distinct advantage over its competitors.
“Solana has the potential to become the rails of a decentralized, integrated financial network that establishes a single global price for assets.” We are continuing to build onramps for investors to access what we believe are the most promising blockchain technologies with the launch of the Osprey Solana Trust.”
Grayscale, the crypto investing behemoth, announced in June that it was considering adding Solana to its holdings in order to offer it as an investment product.
This week, total value locked (TVL) in Solana’s ecosystem surpassed $8.7 billion.