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To date, Osprey has launched three funds: Osprey Bitcoin Trust, Osprey Algorand Trust and Osprey Polkadot Trust King says the company intends to offer its clients even more investment options in the future.
As traditional financial and digital asset markets slowly merge, Blockworks takes a closer look at how fund managers navigate a volatile market.
I spoke with Osprey Funds Co-Founder and CEO Greg King, CFA, what sets the digital asset investment firm apart from its competitors and how it appeals to their investors. The fund operates with approximately 15 employees and $ 115 million in assets under management, at the time of maintenance.
King used his interest in crypto and his background in traditional finance to help found Osprey in 2018. Previously, he worked as Head of Exchange Traded Products at Credit Suisse and held key positions at Barclays Capital. King received his MBA from the University of California Davis.
Osprey has launched three funds (so far) for investors, including Bitcoin Trust, Algorand Trust, and Polkadot Trust.
King, CFA, says the company plans to offer its clients even more investment options in the future.
Chittum: What gives Osprey Funds an edge over competitors like Grayscale? How do you stand out?
King: As we develop a line of products, I think investors will be able to see how we differentiate ourselves…. We have the bitcoin fund which is done at a lower price and with different service providers. The other funds we have deployed are both top notch products that don’t compete with anything Grayscale has.
Right now we have single asset trusts. We have three products: Bitcoin, Algorand and Polkadot. In the future, you will see us launching index products… so that they provide more exposure to investors. You’ll also see actively managed strategies that aren’t just passive beta products. They will be alpha products.
One of the differentiators around Osprey is that we focus entirely on digital assets only. We are committed to the long term in space. This is not just an experimental product launch. We are building a world-class investment firm and are excited about the growth opportunities it offers.
Chittum: How would you describe Osprey’s investment strategy?
King: At Osprey, I think at a fundamental level we fully believe in the power of blockchain-based technologies. Period. We have organized ourselves to both invest and help others invest in these technologies for the benefit of their long-term investment portfolios.
We believe in diversification as a strategy. I believe that investors benefit from professional management of their portfolio, either by themselves or by more formal institutions … Our main objective is to really help investors to access – from an investment point of view – the potential growth returns that we believe to be generational in terms of the scale of blockchain-based technologies.
Chittum: What attracts these investors to your fund? What type of investors are you targeting?
King: The products are built to an institutional caliber, so we focus on and [are] able to offer them to institutional clients. The majority of our assets come from institutional clients. However, they are also available to individual investors and we are committed to creating more avenues to access them. [This is] primarily by registering them under a ticker symbol to be traded whenever possible.
Chittum: What would you like more investors to know about Osprey?
King: I think they should understand the depth of the team’s track record in both [exchange traded funds] and crypto. Not just myself, but other members of our teams have decades of experience working with ETFs for large companies like Barclays, Deutsche Bank, JPMorgan and more.
Want more investor-focused content on digital assets? Join us September 13-14 for the Digital Asset Summit (DAS) in New York. Use the code ARTICLE for $ 75 off your ticket. Buy It Now.
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