Grayscale, a leading asset manager, has expanded its product offerings and established two new investment trusts that will provide investors with exposure to the Bitcoin layer-2 protocol Stacks (STX) and Near Protocol (NEAR).
The new trusts will be limited to accredited investors and operate similarly to other private offerings offered by Grayscale. These trusts join a diverse portfolio of offerings for cryptocurrencies such as Solana, Chainlink and Decentraland.
“With the continued demand for diversified crypto asset exposure, Grayscale is committed to launching new products that enable investors to access emerging and emerging parts of the crypto ecosystem,” Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said in a written statement.
Stacks, a Bitcoin layer-2 network, aims to bring smart contract functionality to Bitcoin. Under normal circumstances, smart contracts cannot be used on the Bitcoin network.
“Within the Stacks ecosystem, we are witnessing a strong increase in demand from institutions across the board,” said Kyle Ellicott, Investor Relations Lead at Stacks. “As this wide gap in unlocking Bitcoin liquidity and making it more available continues to narrow, the larger Bitcoin ecosystem is seeing similar demand.” .” said.
*This is not investment advice.
