Step From Bitcoin Issuer Grayscale That Could Bring Rise in 2 Altcoins!

Grayscale, one of the largest cryptocurrency management companies, launched an investment trust for two altcoins.

Grayscale has launched two new investment funds for Bitcoin layer-2 Stacks (STX) and Near Protocol (NEAR). These funds are available only to accredited investors and will function like Grayscale's other private placement products.

The new funds will have the same status as other funds such as Solana (SOL), Chainlink (LINK) and Decentraland (MANA). Making a statement on the subject, Grayscale Head of Product and Research Rayhaneh Sharif-Askary stated that the demand for cryptocurrency assets has diversified and increased:

With continued demand for diversified crypto assets, Grayscale continues to introduce new products. Stacks and Near will help increase adoption of the broader crypto ecosystem

“We are seeing a significant increase in demand from institutions across the Stacks ecosystem,” said Stacks Investor Relations Leader Kyle Ellicott.