đ„đ„đ„ Grayscale Initiates New $MKR Investment Fund
Grayscale Launches Fund for MakerDAOâs MKR Token
On August 13, Grayscale Investments introduced the Grayscale #makerdao Trust, a new fund focused on MakerDAOâs MKR token. This fund offers qualified investors exposure to MKR, the governance and utility token of the MakerDAO decentralized organization. It is part of Grayscaleâs single-asset crypto investment products and is not publicly traded.
Expansion of Grayscaleâs Product Lineup
Grayscale has recently expanded its product range with new funds for #bittensor and #SUIđ„ tokens, and now manages over $25 billion in assets. Known for its Bitcoin and Ethereum ETFs, including GBTC and ETHE, Grayscale also offers single-asset funds for tokens like Basic Attention Token (BAT) and Chainlink (LINK). MakerDAO, a DeFi protocol, issues the DAI stablecoin and manages on-chain credit products. In July, MakerDAO revealed plans to invest $1 billion in tokenized US treasury bonds.
Market Insights
Rayhaneh Sharif-Askary, Grayscaleâs head of product and research, emphasized that the MakerDAO Trust allows investors to benefit from the growth of MakerDAOâs ecosystem. Grayscaleâs global head of ETFs, Dave Lavalle, predicted a shift towards more diverse crypto ETFs, including single-asset and index-based products.
Key Takeaways
- Qualified investors can now invest in MKR through Grayscaleâs new fund.
- Grayscale is expanding its product offerings with new funds and tokens.
- The MakerDAO Trust provides exposure to MakerDAOâs ecosystem and its potential growth.
- This launch reflects Grayscaleâs commitment to diversifying cryptocurrency investment opportunities.
Source - en.bitcoinhaber.net
