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Global asset manager Grayscale has&nbsp;<a href="https://www.globenewswire.com/news-release/2024/05/23/2887299/0/en/Grayscale-Investments-Launches-New-Investment-Trusts-Grayscale-Near-Trust-and-Grayscale-Stacks-Trust.html" rel="noopener noreferrer nofollow">announced</a> the launch of new investment trusts for NEAR Protocol (NEAR) and Stacks (STX). Institutional and individual accredited investors will be able to gain access to these trusts.&nbsp;
The products have expanded the list of Grayscale's single-asset offerings that already include such cryptocurrencies as Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), Zcash (ZEC) and other cryptocurrencies.
Grayscale's Rayhaneh Sharif-Askary has stated that the leading crypto asset manager is committed to enabling access to "emerging" parts of the ecosystem.&nbsp;&nbsp;&nbsp;&nbsp;
Last year, Grayscale won a lawsuit to convert Bitcoin trust into an exchange-traded fund that was launched earlier this year, alongside a slew of competing products.&nbsp;
It is also attempting to convert its Ethereum trust, which currently holds more than $10.9 billion in assets under management, into a spot ETF.
As&nbsp;<a href="https://u.today/grayscale-ceo-steps-down-details" rel="noopener noreferrer nofollow">reported by U.Today</a>, Grayscale CEO Michael Sonneshein resigned earlier this week. He has been replaced by Goldman Sachs veteran Peter Mintzberg.

Grayscale Launches Two New Crypto Trusts

U_Today

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