Ethereum

Stacks

Bitcoin

Giant

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 <p>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).</p>
 <p>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.</p>
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 <p>The new investment trusts for Near and Stacks expand Grayscale’s expanding catalog of crypto product-focused investment vehicles.</p>
 <p><em>“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).”</em></p>
 <p>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.</p>
 <p><em>“Grayscale remains committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem.</em></p>
 <p><em>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.”</em></p>
 <p>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%.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-asset-management-giant-grayscale-launches-new-trusts-for-ethereum-competitor-and-bitcoin-layer-2-project-tbt89706.html">https://thebittimes.com/crypto-asset-management-giant-grayscale-launches-new-trusts-for-ethereum-competitor-and-bitcoin-layer-2-project-tbt89706.html</a></p>

Crypto Asset Management Giant Grayscale Launches New Trusts for Ethereum Competitor and Bitcoin Layer-2 Project

TheBitTimes

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