Yieldstreet Taps Osprey to Launch New Crypto Fund

Online investing platform Yieldstreet announced the opening of its Enhanced Crypto Fund, with Osprey Funds as sub-advisor to the new vehicle.

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The Yieldstreet Enhanced Crypto Fund plans to invest in 5 to 10 of the largest digital assets by market capitalization, as reported. It will include larger altcoins and some emerging blockchain protocols, but will stay away from tokens with security issues or meme coins.

The fund has no cap on how much it can raise and will remain open indefinitely, a Yieldstreet spokesperson explained.

Founded in 2015, Yieldstreet said it has since funded over $2.2 billion of investments.

A digital asset manager offering the publicly-traded Osprey Bitcoin Trust, as well as investment trusts for Polkadot, Algorand, Solana and Polygon, Osprey said its crypto products raised more than $100 million last year.

In February, Yieldstreet announced its first-ever crypto fund, which gave investors access to Pantera Capital's early-stage token fund. Yieldstreet at the time told that early investors were expected to contribute about $20 million to that vehicle.