Crypto Asset Management Giant Grayscale Expands Trust Offerings for Leading Cryptocurrencies 🚀
Grayscale Investment has introduced two new crypto investment trusts for Near Protocol (NEAR) and Stacks (STX), enhancing its range of crypto-focused investment products.
* Grayscale Near Trust and Grayscale Stacks Trust now open for daily subscription
* Diversified exposure in crypto and emerging blockchain solutions driving demand
* NEAR and STX trading at $7.65 and $2.02, respectively
New Investment Trusts for Near Protocol (NEAR) and Stacks (STX)
Grayscale Investment has unveiled Grayscale Near Trust and Grayscale Stacks Trust, catering to individual and institutional investors looking for exposure to NEAR and STX.
* Reflect Grayscale’s commitment to offering diverse crypto investment options
* First investment products solely invested in NEAR and STX tokens
* Aim to address blockchain’s scalability challenges and drive crypto ecosystem growth
Grayscale’s Focus on Innovative Crypto Investment Products 🌟
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasizes the importance of launching new products to meet the evolving needs of crypto investors.
* Introduction of investment trusts for NEAR and STX in response to market demand
* Aim to provide investors with access to emerging crypto assets and technologies
* Contributing to greater adoption and advancement of the crypto space
Market Performance of NEAR and STX 📈
NEAR is currently priced at $7.65, experiencing a 4.67% decline in the last 24 hours, while STX is trading at $2.02, down by 3.09%.
* Price movements reflect market volatility and investor sentiment
* Crypto assets remain subject to fluctuations based on market conditions
* Investors advised to conduct thorough research before making investment decisions
Closing Thoughts on Grayscale’s New Trust Offerings 💡
Grayscale Investment’s launch of Grayscale Near Trust and Grayscale Stacks Trust underscores the growing demand for diversified crypto investment opportunities.
* Continued focus on expanding product range to cater to evolving market needs
* NEAR and STX investment trusts contribute to the overall growth of the crypto ecosystem
* Investors urged to stay informed and consider the potential of emerging blockchain solutions
The world’s largest digital asset manager is unveiling two new crypto investment trusts for Ethereum (ETH) rival Near Protocol (NEAR) and Bitcoin (BTC) layer-2 project Stacks (STX).
In a statement, Grayscale Investment says Grayscale Near Trust and Grayscale Stacks Trust are now available for daily subscription by eligible individual and institutional investors.
The new investment trusts for Near and Stacks expand Grayscale’s expanding catalog of crypto product-focused investment vehicles.
“The trusts function like Grayscale’s existing suite of single-asset investment trusts, and each are among the first investment products solely invested in the tokens underpinning the Near Protocol (NEAR) and Stacks (STX).”
Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, says the asset management titan is introducing new investment trusts amid continued demand for diversified exposure in crypto.
“Grayscale remains committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem.
By creating distinctive solutions to address blockchain’s scalability challenges, Stacks and Near are poised to help foster greater adoption—ultimately helping to drive the crypto ecosystem forward.”
NEAR is currently trading for $7.65, down by 4.67% over the past 24 hours, while STX is changing hands for $2.02, down by 3.09%.
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The post Crypto Asset Management Giant Grayscale Launches New Trusts for Ethereum Competitor and Bitcoin Layer-2 Project appeared first on The Daily Hodl.
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