Grayscale Launches Maker Fund, Whales Start Accumulating

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Whales have started accumulating Maker tokens after Grayscale announced the launch of its MakerDAO Trust.

On Aug. 13, leading crypto asset manager Grayscale launched its MakerDAO (MKR) investment fund. Unlike its spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds which are available to the public, only “accredited investors” can invest in the MakerDAO Trust.

We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale MakerDAO Trust $MKR.Available to eligible accredited investors.Read the press release: https://t.co/hOOWHk3bqO pic.twitter.com/5pIMaLUHwI

— Grayscale (@Grayscale) August 13, 2024

MakerDAO is already one of the big names in the decentralized finance sector and the decentralized autonomous organization behind the third-largest stablecoin, Dai (DAI).

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