"Grayscale Investments continues to expand its cryptocurrency lineup despite SEC Chairman Gary Gensler's assertion that most cryptocurrencies are securities. The company has launched two new cryptocurrency trusts, offering limited investments in the Bitcoin layer-2 Stacks (STX) network and the altcoin Near Protocol blockchain. (NEAR) 📈.

At the same time, Grayscale is seeking approval to list an ETF on Ethereum (ETH), following the successful conversion of its GBTC product from a trust to an exchange-traded fund. Despite the political obstacles, observers are optimistic about the bid's success. However, the commission's classification of ETH remains controversial."