DOT over the counter? Osprey Funds set to launch Polkadot investment trust
April 29, 2021. Summarized by summa-bot.
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Will retail investor interest in DOT pick up as developer activity grows?
In a market once dominated by a handful of BTC vehicles, there are now a growing number of products offering investors access to gains from popular altcoins like Polkadot.
Yesterday, Osprey Funds announced the launch of the Osprey Polkadot Trust.
The fund will give investors access to one of the largest layer one smart contract chains via familiar rails, and joins a growing list of digital assets equity investors can now gain exposure to.
The choice to offer a Polkadot fund may be in an effort to gain an edge on Greyscale.
DOT is not among the assets Greyscale offers funds for, and it isn’t part of the “Large Cap” trust despite being the fourth-largest layer one smart contract token by marketcap, meaning Osprey may be catering to a market demand that isn’t presently serviced.
King told Cointelegraph that the decision to offer a DOT fund was part a vote of confidence in the growing ecosystem, as well as an effort to offer a wider range of digital asset investment vehicles.