This announcement comes as a response to the growing demand for diversified exposure to crypto assets.
It reaffirms Grayscale’s commitment to pioneering new products that cater to the evolving crypto ecosystem.
Grayscale’s Response to Rising Demand
Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, emphasized this dedication, stating, “With 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 ecosystem.”
These trusts, Grayscale’s latest offerings, are designed to address scalability challenges within the blockchain space. Near and Stacks are poised to foster greater adoption and drive the crypto ecosystem forward.
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Moreover, the trusts are now open for daily subscription by eligible individual and institutional accredited investors. Each trust is among the first investment products solely invested in the tokens underpinning the Near Protocol (NEAR) and Stacks (STX).
More About Grayscale
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The approval of Form 19b-4 underscores the growing acceptance and recognition of cryptocurrencies as legitimate investment assets by regulatory bodies. It potentially facilitates increased institutional participation in the Ethereum market.
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