Osprey Funds, a New York-based crypto investment company, has started selling Solana (SOL) investment trusts to qualified investors, according to a press release issued by the company.
Osprey first made the announcement of Solana’s investment trust at the end of August, saying it was preparing for sale at the time.
The minimum investment amount required to invest in the “Osprey Solana Trust” is set at $10,000. The company is also planning to be listed on the major US OTC market “OTCQX” in the future. It has also agreed to waive the management fee for investors until January 2023.
The Solana Blockchain operates at a speed of processing 65,000 transactions per second with sub-second block finality. Greg King, CEO of Osprey Funds, said in a statement:
“The pedigree of the science and potential of the technology behind Solana is unique among current blockchains. Solana has the potential to become the rails of an integrated, decentralized financial network that establishes one global price for assets.”
SOL has recorded an increased rate of more than 140 times in its value since the beginning of the year. It has increased its momentum by surpassing XRP (Ripple) in the market capitalization rankings such as CoinGecko and is currently ranking in 6th place in terms of Market cap.
This is the fourth cryptocurrency investment trust Osprey Funds has launched this year. The company also offers investment in Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust, and the Osprey Algorand Trust.