{"id":309232,"date":"2024-05-25T00:39:06","date_gmt":"2024-05-24T19:09:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=309232"},"modified":"2024-05-25T00:39:06","modified_gmt":"2024-05-24T19:09:06","slug":"crypto-asset-management-giant-grayscale-launches-new-trusts-for-ethereum-competitor-and-bitcoin-layer-2-project-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-asset-management-giant-grayscale-launches-new-trusts-for-ethereum-competitor-and-bitcoin-layer-2-project-crypto-news\/","title":{"rendered":"Crypto Asset Management Giant Grayscale Launches New Trusts for Ethereum Competitor and Bitcoin Layer-2 Project &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The world\u2019s largest digital asset manager is unveiling two new crypto investment trusts for Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\">ETH<\/a>) rival Near Protocol (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/near\/\">NEAR<\/a>) and Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) layer-2 project Stacks (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/blockstack\/\">STX<\/a>).<\/p>\n<p>In a statement, Grayscale Investment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.morningstar.com\/news\/globe-newswire\/9122377\/grayscale-investments-launches-new-investment-trusts-grayscale-near-trust-and-grayscale-stacks-trust\">says<\/a> Grayscale Near Trust and Grayscale Stacks Trust are now available for daily subscription by eligible individual and institutional investors.<\/p>\n<p>The new investment trusts for Near and Stacks expand Grayscale\u2019s expanding catalog of crypto product-focused investment vehicles.<\/p>\n<p><em>\u201cThe trusts function like Grayscale\u2019s existing suite of single-asset investment trusts, and each are among the first investment products solely invested in the tokens underpinning the Near Protocol (NEAR) and Stacks (STX).\u201d<\/em><\/p>\n<p>Grayscale\u2019s Head of Product and Research, Rayhaneh Sharif-Askary, says the asset management titan is introducing new investment trusts amid continued demand for diversified exposure in crypto.<\/p>\n<p><em>\u201cGrayscale remains committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem.<\/em><\/p>\n<p><em>By creating distinctive solutions to address blockchain\u2019s scalability challenges, Stacks and Near are poised to help foster greater adoption\u2014ultimately helping to drive the crypto ecosystem forward.\u201d<\/em><\/p>\n<p>NEAR is currently trading for $7.65, down by 4.67% over the past 24 hours, while STX is changing hands for $2.02, down by 3.09%.<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s largest digital asset manager is unveiling two new crypto investment trusts for Ethereum (ETH) rival Near Protocol (NEAR) and Bitcoin (BTC) layer-2 project Stacks (STX). In a statement, Grayscale Investment says Grayscale Near Trust and Grayscale Stacks Trust are now available for daily subscription by eligible individual and institutional investors. The new investment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":309233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-309232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/309232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=309232"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/309232\/revisions"}],"predecessor-version":[{"id":309238,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/309232\/revisions\/309238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/309233"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=309232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=309232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=309232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}