🚨GRAYSCALE LAUNCHES TWO NEW ALTCOIN TRUSTS FOR NEAR AND STACKS🚨
“By creating distinctive solutions to address blockchain’s scalability challenges, Stacks and Near are poised to help foster greater adoption”
- @Grayscale has just announced the creation and public launch of two new investment trusts geared toward two specific altcoins…
Grayscale Near Trust - $NEAR @NearProtocol
Grayscale Stacks Trust - $STX @Stacks
- According to Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary…
“With continued demand for diversified crypto asset exposure, Grayscale remains committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem”
- As with the firm’s pre-existing trusts, both of the new vehicles will invest solely and directly into the $STX and $NEAR tokens respectively.
- While Grayscale’s bet on Stacks is likely a response to #Bitcoin ’s growing DeFi and functionality ecosystem…
- … its decision to support Near via a trust is more interesting, given the apparently fading narrative around alternative L1 blockchains focused on scalability