{"id":31234,"date":"2024-05-23T16:54:23","date_gmt":"2024-05-23T16:54:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscale-launches-investments-trusts-for-stacks-and-near-protocol\/"},"modified":"2024-05-23T16:54:23","modified_gmt":"2024-05-23T16:54:23","slug":"grayscale-launches-investments-trusts-for-stacks-and-near-protocol","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscale-launches-investments-trusts-for-stacks-and-near-protocol\/","title":{"rendered":"Grayscale launches investments trusts for Stacks and Near Protocol"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687770144784-43a4c1e1-8010-4590-932e-dea096e5ce9e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687770144784-43a4c1e1-8010-4590-932e-dea096e5ce9e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687770144784-43a4c1e1-8010-4590-932e-dea096e5ce9e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687770144784-43a4c1e1-8010-4590-932e-dea096e5ce9e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Grayscale announced trusts for Near Protocol and Stacks.<\/span><\/li>\n<li>Crypto market is upbeat ahead of a potentially huge announcement from the SEC on spot Ethereum ETF.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/grayscale\/\">Grayscale Investments<\/a> has announced two new investment trusts to provide for diversified crypto exposure \u2013 the Grayscale Near Trust and Grayscale Stacks Trust.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to details of the announcement, the two products are similar to other single-asset investment trusts and are exclusively invested in Stacks (STX) and Near Protocol (NEAR).<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cBy 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 Rayhaneh Sharif-Askary, Head of Product &amp; Research at Grayscale, said in a <\/span><a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/05\/23\/2887299\/0\/en\/Grayscale-Investments-Launches-New-Investment-Trusts-Grayscale-Near-Trust-and-Grayscale-Stacks-Trust.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">statement<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Eligible individual and institutional accredited investors can now access daily subscriptions for the two trusts, Grayscale specified in the announcement.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Grayscale eyes approval for its spot ETH ETF<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Grayscale is a leader in the crypto products space, with its spot Bitcoin ETF (GBTC) currently the largest by assets under management (AUM). The company is also among those eyeing an approval from the US Securities and Exchange Commission (SEC) for spot Ethereum ETFs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Like most other issuers, Grayscale submitted a revised 19b-4 filings for its spot Ether ETF. The platform joins BlackRock, Bitwise and other applicants in submitting the 19b-4s, with provisions for ETH staking removed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SEC is expected to approve the first spot Ethereum ETF for the US market, with an announcement highly anticipated on today. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts <a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-anticipates-spot-ethereum-etfs-approval-this-week\/\">forecast<\/a> that an approval could catalyse an explosive run for ETH and other altcoins.<\/span><\/p>\n<p><span style=\"font-weight: 400\">STX and NEAR tokens could surge amid this bull run, with the Bitcoin Layer 2 protocol Stacks also likely toget impetus from Bitcoin\u2019s anticipated rally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stacks price was at $2.01 while Near Protocol traded at $7.64.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/grayscale-launches-investments-trusts-for-stacks-and-near-protocol\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Grayscale announced trusts for Near Protocol and Stacks. Crypto market is upbeat ahead of a potentially huge announcement from the SEC on spot Ethereum ETF. Grayscale Investments has announced two new investment trusts to provide for diversified crypto exposure \u2013 the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31234"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31234"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31235"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}