đšGRAYSCALE LAUNCHES TWO NEW ALTCOIN TRUSTS FOR NEAR AND STACKSđš
âBy creating distinctive solutions to address blockchainâs scalability challenges, Stacks and Near are poised to help foster greater adoptionâ
- @Grayscale has just announced the creation and public launch of two new investment trusts geared toward two specific altcoinsâŠ
Grayscale Near Trust - $NEAR @NearProtocol
Grayscale Stacks Trust - $STX @Stacks
- According to Grayscaleâs Head of Product & Research, Rayhaneh Sharif-AskaryâŠ
âWith 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 ecosystemâ
- As with the firmâs pre-existing trusts, both of the new vehicles will invest solely and directly into the $STX and $NEAR tokens respectively.
- While Grayscaleâs bet on Stacks is likely a response to #BitcoinâŻâŻâŻâs growing DeFi and functionality ecosystemâŠ
- ⊠its decision to support Near via a trust is more interesting, given the apparently fading narrative around alternative L1 blockchains focused on scalability