OBNB – Osprey BNB Chain Trust – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to realize long-term capital appreciation by tracking the price of BNB tokens, the native token to the BNB Chain, less liabilities and expenses of the trust. The investment objective of the Trust is solely for the units to realize long-term capital appreciation by tracking the price of BNB tokens, the native token to the BNB Chain, on each business day, less liabilities and expenses of the Trust. The units are designed as a convenient and cost-effective method for investors to gain investment exposure to BNB without making a direct investment in BNB.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
OBNB	Osprey BNB Chain Trust	ETF	Open	—	—	Dec 12, 2024	$23.19M	2.500%	—	—	−$40.56M

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