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%.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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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%.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Crypto Asset Management Giant Grayscale Launches New Trusts for Ethereum Competitor and Bitcoin Layer-2 Project appeared first on The Daily Hodl.