A boutique digital property agency has launched the first U.S. fund that completely invests in smart-contract platform Solana (SOL).
Osprey Fund’s Solana Trust is out there to accredited buyers for subscription with a $10,000 minimal funding, in response to a press release.
Solana, which has acquired attention from crypto analysts not too long ago, noticed its token surge by practically 50% in the previous seven days. SOL is buying and selling at $192.54 at time of writing, in response to CoinGecko.
Greg King, chief government of the New York City-based firm, says Solana’s know-how has distinctive potential in comparison with its rivals.
“Solana has the potential to turn into the rails of an built-in, decentralized monetary community that establishes one world worth for property. With the debut of the Osprey Solana Trust, we’re persevering with to construct onramps for buyers to entry what we consider are the most promising blockchain applied sciences.”
In June, crypto investing big Grayscale announced it was contemplating including Solana to its holdings to supply as an funding product.
Total worth locked (TVL) in Solana’s ecosystem has exploded to greater than $8.7 billion this week.
Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in online marketing.
Featured Image: Shutterstock/Pavel Chagochkin