$BNB
Osprey BNB Chain Trust (OBNB) has officially been listed, marking the first time American investors can access the BNB token through a public investment fund.
Osprey BNB Chain Trust (OBNB) has officially been listed on the OTCQX market, marking the first time investors in the U.S. can access the BNB token in the form of a publicly listed fund.
OBNB allows investors to trade shares directly on OTCQX with competitive management fees. Initially, the fund was launched as a private placement before being publicly listed to enhance liquidity and expand accessibility to a broader range of investors.
A unique feature of the fund is its flexible integration into retirement accounts such as IRA or Roth IRA. This allows investors to maximize tax benefits while also effectively and safely expanding their opportunity to diversify their asset portfolio.
Unlike ETF funds such as Bitcoin ETF or Ethereum ETF, Osprey BNB Chain Trust (OBNB) is a trust traded on the OTCQX market, rather than on major stock exchanges. ETF funds typically have high liquidity and prices that are continuously updated, whereas the price of OBNB can vary significantly due to supply and demand in the market.
At the time of writing, the price of OBNB shares is fluctuating around $55, with modest trading volume of approximately $362,761.