The world’s largest digital asset manager has unveiled two new cryptocurrency investment trusts for Ethereum (ETH) rival Near Protocol (NEAR) and Bitcoin (BTC) Layer 2 Project Stack (STX).
In a statement, Grayscale Investment said daily subscriptions to Grayscale Near Trust and Grayscale Stacks Trust are now available to qualified individual and institutional investors.
The new investment trusts from Near and Stacks expand Grayscale’s expanding catalog of cryptocurrency product-focused investment vehicles.
“The trust functions like Grayscale’s existing suite of single-asset investment trusts, each of which is one of the first investment products invested solely in the tokens behind Near Protocol (NEAR) and Stacks (STX).”
Rayhaneh Sharif-Askary, head of product and research at Grayscale, said the asset management giant is introducing new investment trusts amid ongoing demand for diversified exposure to cryptocurrencies.
“Grayscale is committed to launching new products that give investors access to emerging and evolving parts of the cryptocurrency ecosystem.
By creating unique solutions to solve blockchain’s scalability challenges, Stacks and Near are poised to help drive greater adoption and ultimately advance the cryptocurrency ecosystem.”
NEAR is currently trading at $7.65, down 4.67% over the last 24 hours, while STX is trading at $2.02, down 3.09%.
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