🚀🚀Grayscale Announces New Altcoin Investment Product! Price Soars! 🚀🚀

According to Coindesk, Grayscale has introduced a new cryptocurrency investment product. The company has launched a new single-asset fund specifically for MakerDAO (MKR).

Announced on Tuesday, the new fund offers the opportunity to invest in the governance token of decentralized lending platform MakerDAO (MKR). Grayscale announced that the MakerDAO Trust will be open to both individual and institutional accredited investors.

The MakerDAO Trust provides investors with exposure to MKR, the governance token of the Ethereum-based autonomous organization MakerDAO.

“As interest in cryptocurrency investments continues to grow, Grayscale is committed to expanding our product portfolio and providing innovative investment opportunities,” said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale. The launch of the MakerDAO Trust aims to reduce DeFi’s reliance on traditional financial infrastructure by providing a decentralized and open stablecoin system while giving investors the opportunity to contribute to the development of the MakerDAO ecosystem.”

Following this announcement, an increase in the price of MKR was observed. Grayscale launched two new investment trusts for Sui (SUI) and Bittensor (TAO) last week. It also launched various cryptocurrency funds such as Near (NEAR), Render (RNDR), and Filecoin (FIL) a few months ago.

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