Grayscale Launches New Fund for MakerDAO Governance Token

- Grayscale, known for its Bitcoin and Ethereum-based funds, has unveiled a new fund investing in decentralized lending platform MakerDAO’s governance token (MKR).

- Grayscale’s MakerDAO Trust will be available to accredited investors and is structured as a closed-end fund, which may result in price variances in secondary markets.

- MakerDAO manages over $7 billion in assets and issues the DAI stablecoin, the third-largest in the market.

- The platform is undergoing a major “End Game” upgrade, including the release of new versions of MKR and DAI.

- The launch of the fund follows Grayscale’s recent funds for Bittensor (TAO) and Sui (SUI) tokens, as well as a fund focused on decentralized AI.