Digital asset investment giant Grayscale announced the creation and public launch of two new investment funds on May 23 that will provide diversified exposure to cryptocurrencies, called the “Grayscale Near Trust” and the “Grayscale Stacks Trust”.

According to the company’s official statement, the new trusts are now open for daily subscription by eligible accredited individual and institutional investors. “The funds function like Grayscale’s existing suite of single-asset investment funds, and each is among the first investment products invested exclusively in the tokens that underpin Near Protocol (NEAR) and Stacks (STX),” he explained.

Commenting on the launch, Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, highlighted the company’s aspirational plans: “With continued demand for diversified exposure to crypto assets, Grayscale remains committed to launching new products that enable investors access emerging and evolving parts of the crypto ecosystem,” he said.

Still on the opportunity, Sharif-Askary added: “By creating distinct solutions to address blockchain scalability challenges, Stacks and Near are prepared to help promote greater adoption – ultimately, helping to boost the crypto ecosystem.”

Grayscale announced in its statement its intentions to try to list shares of new products on the secondary market. However, there is no guarantee of success. Although Shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the Shares will ever obtain such approval due to a variety of factors, including regulatory issues such as the SEC, FINRA, or others. regulatory bodies may have in relation to these products. As a result, shareholders of such products must be prepared to bear the risk of investing in the Shares indefinitely.”

It is worth remembering that the CEO of digital asset investment company Grayscale, Michael Sonneshein, left his position at the company, according to an official statement released on May 20. According to the note, the position will be occupied by Peter Mintzberg, who is currently head of asset and wealth management strategy at Goldman Sachs, starting August 15.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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