Stacks

2024

Spot

Grayscale Investments, the crypto asset manager, unveiled two innovative trusts today aimed at expanding investor access to the cryptocurrency market. The introduction of Grayscale Near Trust and Grayscale Stacks Trust reflects the growing demand for diversified digital asset investment options. 
Expanding Crypto Access Through Innovation 
Grayscale continues to develop products that cater to the evolving needs of institutional investors and individuals. The new trusts allow accredited investors to subscribe daily, incorporating Grayscale’s established model of single-asset investment trusts.&nbsp; 
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 We are proud to announce the creation of two new single-asset crypto investment trusts, available through private placement: Grayscale® Near Trust ($NEAR) and Grayscale® Stacks Trust ($STX). Read more in our press release: <a href="https://t.co/Ve8RCQyKmh" target="_blank">https://t.co/Ve8RCQyKmh</a> 1/3 <a href="https://t.co/3S5yMAj5fi" target="_blank">pic.twitter.com/3S5yMAj5fi</a>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1793630484263850470?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 23, 2024</a>
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This move aims to provide participants with strategic exposure to the Near Protocol (NEAR) and Stacks (STX) tokens. 
Grayscale’s Head of Product &amp; Research, Rayhaneh Sharif-Askary, highlighted the commitment to addressing blockchain scalability through these unique offerings. “Stacks and Near are set to foster wider adoption and push the crypto ecosystem forward,” she stated. 
Navigating Market Complexities 
While eager to replicate the success of its existing products, Grayscale acknowledges the challenges ahead. They aspire to secure secondary market quotations for the new trusts but recognize the complexities involved, particularly with regulatory bodies like the SEC and FINRA.&nbsp; 
This acknowledgment serves to temper expectations while emphasizing the innovative leap Grayscale is making with these new offerings. 
Investors are cautioned about the inherent risks, as past products have experienced periods of trading at both premiums and discounts relative to the underlying digital assets. This launch marks another step by Grayscale to broaden its portfolio and offer structured, yet flexible investment vehicles in the digital currency space. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read:<a href="https://www.cryptotimes.io/2024/05/22/grayscale-drops-staking-from-spot-ether-etf-proposal/" target="_blank" rel="noreferrer noopener"> Grayscale Drops Staking from Spot Ether ETF Proposal</a> 
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Grayscale Launches New Trusts to Diversify Crypto Investments

The Crypto Times

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