Osprey appears to have beaten Grayscale in the race to get a Solana vehicle into the market.
OBTC is filing to become an SEC reporting company in a move that could put it on par with Grayscale's offering.
The talks are at a high level and informal at this stage, said one of the sources.
Valkyrie is charging a 2% management fee on the fund, just under Osprey’s 2.5%. Are DOT funds the new BTC funds for buttoned-up investors?
The fund is structured similarly to the Grayscale Bitcoin Trust, but aims to compete with lower fees.