Grayscale Launches Grayscale Stacks and Grayscale Near Trust Funds

Key Points:

• Grayscale introduces Near and Stacks Trusts, providing accredited investors exposure to Bitcoin Layer-2 Stacks and Near Protocol.
• These new trusts are limited to accredited investors, functioning similarly to Grayscale’s other private placements.
• The trusts offer a way to invest in advanced blockchain technologies, highlighting Grayscale’s commitment to innovation in the crypto space.

Grayscale Investments has announced the launch of two new investment trusts: Grayscale Near Trust and Grayscale Stacks Trust.

These trusts aim to provide accredited investors with exposure to Bitcoin Layer-2 Stacks and Near Protocol, expanding the company’s suite of cryptocurrency investment products.

The launch, revealed on May 23, 2024, marks a strategic move by Grayscale to tap into the growing interest in blockchain scalability and smart contract platforms. The Grayscale Near Trust will focus on the Near Protocol, a high-performance blockchain designed for the creation and deployment of decentralized applications. Meanwhile, the Grayscale Stacks Trust will provide investors with access to Stacks, a Bitcoin Layer-2 solution that enables smart contracts and decentralized applications on the Bitcoin network.

Grayscale Expands Investment Offerings with New Trusts

These trusts are designed to function similarly to other private placements offered by Grayscale, meaning they are available exclusively to accredited investors. This approach ensures that the offerings comply with regulatory requirements and cater to sophisticated investors seeking exposure to emerging blockchain technologies. Investors in these trusts will have the opportunity to gain indirect exposure to the underlying assets, benefiting from the potential upside of Near Protocol and Stacks without the complexities of directly managing and storing the cryptocurrencies.

Grayscale’s introduction of the Near and Stacks Trusts is seen as a response to the increasing demand for diversified digital asset investment options. As the cryptocurrency market matures, investors are looking beyond Bitcoin and Ethereum, exploring opportunities in projects that promise enhanced scalability, security, and functionality.