Grayscale Investment, the world’s largest digital asset manager, is introducing two new cryptocurrency investment trusts for Ethereum’s rival, Near Protocol, and Bitcoin’s layer-2 project, Stacks. The Grayscale Near Trust and Grayscale Stacks Trust are now open for daily subscription by eligible individual and institutional investors. These new investment trusts expand Grayscale’s range of crypto-focused investment vehicles. Similar to Grayscale’s existing single-asset investment trusts, these trusts are among the first products solely invested in the tokens underpinning Near Protocol (NEAR) and Stacks (STX).

Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, explains that the company is launching these new investment trusts in response to the growing demand for diversified exposure in the crypto market. Grayscale is committed to creating innovative solutions to address the scalability challenges faced by blockchain technology. By supporting projects like Stacks and Near, the company aims to foster greater adoption and drive the crypto ecosystem forward.

Currently, NEAR is trading at $7.65, experiencing a 4.67% decrease in the past 24 hours, while STX is priced at $2.02, down by 3.09%.

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