Osprey Funds to launch an actively managed NFT investment fund

The digital asset manager Osprey Funds will launch an institutional-focused fund to invest in the non-fungible token (NFT) space in early 2022.

🚀 Osprey Funds Establishes Alpha Division, Makes Key Hires, and Readies NFT Fund for Launchhttps://t.co/kPhW7nUJu8

— Osprey Funds (@OspreyFunds) November 18, 2021

According to a press release, the company has established a new structure, Osprey Alpha, LLC. Under its umbrella, they plan to launch actively managed funds whose clients will be institutional and high-net-worth investors.

“We are in business to provide investors with access to the most interesting segments of the digital asset ecosystem. With Osprey Alpha, we will focus on developing and implementing several unique, actively managed strategies for sophisticated investors, starting with an NFT-focused product,” said Greg King, the company’s CEO.

The managing director and portfolio manager of the Osprey NFT Fund is the former StockTwits platform COO Justin Paterno. He will develop and execute the fund’s investment strategy.

In an interview with The Block, King noted that over time the funds managed by Osprey Alpha could attract “hundreds of millions of dollars.” In his view, NFTs represent a new asset class that shows low correlation with crypto and traditional markets.

Earlier in September, Osprey Funds launched a Polygon-based cryptocurrency trust.

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