Grayscale Investments has introduced a new investment fund focused on MakerDAO's governance token, MKR.
Grayscale Investments has introduced a new investment fund focused on MakerDAO's governance token, MKR. This Grayscale MakerDAO Trust provides qualified investors with exposure to MKR, the utility and governance token for the Ethereum-based MakerDAO.
This fund joins Grayscale's range of single-asset crypto investment products, which recently expanded with trusts for Bittensor and Sui's native tokens. Grayscale, the world's largest crypto fund manager, oversees over $25 billion in assets, including popular Bitcoin and Ether ETFs like the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
MakerDAO is a decentralized finance protocol known for its dollar-pegged stablecoin, Dai, and its ecosystem of on-chain credit products. Recently, MakerDAO announced plans to invest $1 billion in tokenized US treasury bonds.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, emphasized the trust's aim to let investors experience MakerDAO's ecosystem growth. She said: “The launch of the Grayscale MakerDAO Trust allows investors to experience the growth of the entire MakerDAO ecosystem, aiming to remove DeFi’s dependency on traditional finance infrastructure by providing a permissionless, decentralized, and open stablecoin system.”
Dave LaValle, Grayscale’s global head of ETFs, recently predicted an expansion of cryptocurrency ETFs to include new asset types and diversified indexes, signaling a broader range of single-asset and index-based products in the future.
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