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Osprey BONK Trust
Osprey BONK Trust by Osprey Funds gives investors exposure to BONK memecoin through a trust structure, traded over-the-counter.
Osprey BONK Trust
Osprey BONK Trust was established by Osprey Funds, a digital asset investment firm founded by Greg King in 2019. Osprey Funds previously launched Osprey Bitcoin Trust and Osprey Solana Trust. The BONK Trust provides a trust-based vehicle for investors to gain exposure to the Solana-based memecoin BONK. The trust's single asset is BONK, a token that launched in December 2022 (per public record). The trust holds BONK tokens and issues shares that trade on the over-the-counter market. It does not invest in other tokens or cryptocurrencies. The trust operates on the sole strategy of passive BONK custody. It does not engage in active trading, staking, or lending. No team size, additional offices, or AUM are publicly disclosed for Osprey BONK Trust itself. Osprey Funds, the sponsor, is based in the United States. Greg King, former President of Coinbase Custody, also founded Osprey Funds (per CoinDesk, 2021). Osprey Funds' trust products give investors a regulated alternative to direct crypto exchanges. The trust is structurally similar to a Grantor Trust or Delaware Statutory Trust, designed to simplify tax reporting. Its differentiator is providing access to a single memecoin through conventional brokerage infrastructure. The trust does not charge performance fees but levies management fees and expenses. Trust shares are not redeemable for BONK; investors sell shares on the secondary market.
General information
Firm type
other
Year founded
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AUM
Undisclosed
Location
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Frequently asked questions
What does Osprey BONK Trust hold?
The trust holds BONK, a Solana-based memecoin. BONK is the underlying asset, and shares represent fractional ownership of that BONK pool. The trust does not diversify into other assets.
How does the trust generate returns?
Returns depend solely on the price appreciation of BONK tokens held by the trust. The trust does not stake, lend, or trade BONK. Shareholders participate in any price gains or losses of BONK.
Is Osprey BONK Trust available on brokerage platforms?
Yes, shares trade on the over-the-counter (OTC) market under the ticker BONK. Investors can buy and sell through standard brokerages like Fidelity, Schwab, or TD Ameritrade, using cash rather than cryptocurrency wallets.
Who operates Osprey BONK Trust?
Osprey BONK Trust is sponsored by Osprey Funds, a digital asset investment firm based in the United States. Osprey Funds is led by founder Greg King, previously CEO of Coinbase Custody (per CoinDesk, 2021). The trust is administered separately from Osprey Funds' other products.
What fees does Osprey BONK Trust charge?
The trust charges annual management fees and other expenses, which reduce net asset value for investors. On top of expenses, the trust does not charge performance fees. Investors should review the prospectus for full fee disclosures.
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