Bringing you live news and features since 2006 

Osprey Polkadot Trust begins trading in the US

RELATED TOPICS​

US-based crypto fund issuer Osprey Funds, LLC has announced that the Osprey Polkadot Trust (ODOT) has commenced trading publicly via the OTCQX market.

 

The firm writes that it is the first US publicly traded fund to invest exclusively in DOT, the native token of the Polkadot network.

 

 

The firm says that Polkadot was developed by a world-class team, led by Ethereum co-founder Gavin Wood and is the base layer protocol that enables developers to build Web 3.0 with scalability, security, self-governance, and interoperability. It is one of the fastest-growing blockchain networks in the world with a market capitalisation over USD9.69 billion, the firm says.

 

“Polkadot is a groundbreaking project aimed to create a completely decentralised web where users are in control,” says Greg King, CEO of Osprey Funds. “While DOT access was previously limited, ODOT allows more investors to conveniently, securely and cost-effectively tap into this innovative cryptocurrency.”

 

Originally launched in April 2021 for private placement, the Osprey Polkadot Trust is now accessible to all US investors through traditional brokerage and IRA accounts. The firm writes that the fund is backed by best-in-class service providers, including Coinbase as custodian, Theorem Fund Services as fund administrator and KPMG as auditor.

 

In addition to ODOT, Osprey Funds offers the Osprey Bitcoin Trust (OBTC), which it describes as the lowest-cost publicly traded bitcoin fund in the US, as well as the Osprey Algorand Trust, the Osprey Polygon Trust, the Osprey Solana Trust and the Osprey BNB Chain Trust for accredited investors.

 

 

Latest News

Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..
ASYMmetric ETFs has announced the launch of two new funds, ASYMmetric Smart Income ETF (NYSE: MORE) and ASYMmetric Smart Alpha..
First Trust Advisors has announced the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF (NYSE..
Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America has announced the launch..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by