Grayscale Investments launches new investment partnership for two altcoins

As you follow on Kriptokoin.com, potential spot Ethereum ETF approval is on the market's agenda. Amid these developments, Grayscale Investments, Grayscale Near Trust and Grayscale Stacks Trust opened for investment. One of the trusts invests only in NEAR, which supports the Near Protocol, the company said on Thursday. The other trust invests only in STX, which is part of Bitcoin Layer 2 Stacks. In a statement, Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said: “With continued demand for investing in diversified crypto assets, Grayscale is committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem. By creating different solutions to address Blockchain's scalability issues, Stacks and Near are poised to help drive greater adoption and ultimately move the crypto ecosystem forward.

Grayscale Ethereum ETF

Grayscale's two new investment funds have emerged as the firm's chances of an Ethereum ETF being approved increased significantly last week. Senior ETF analysts at Bloomberg appear to have done a sudden “180” in their thinking, as senior ETF analysts at Bloomberg raised their estimates on whether the U.S. Securities and Exchange Commission will approve spot Ethereum ETFs from 25% to 75%. On May 21, Grayscale removed the staking mention from its Ethereum ETF application to further increase the likelihood of approval. He made an update in his application to the SEC in this current version. Recent developments indicate that the SEC is highly likely to approve a spot Ethereum ETF.

How do you think #stx will perform this year?

I'm guessing it could be $40 or more in the bull, grayscale will fly what he can.