BCGAME - Free 5BTC Daily Bonus!One of the largest asset managers in the world, Grayscale Investments, announced on August 13 the launch of a new investment fund for MakerDAO's governance token, MKR.
“Grayscale Investments, the world's largest crypto asset manager offering more than 20 cryptocurrency investment products, today announced the creation and public launch of the Grayscale MakerDAO Trust,” it said.
The product offers investors the opportunity to gain exposure to MKR, including an on-chain credit protocol, stablecoins, real-world assets and more, through the MakerDAO ecosystem.
“As demand for crypto exposure continues to grow, Grayscale is committed to expanding our product suite and providing innovative investment opportunities,” said Grayscale's head of product and research, Rayhaneh Sharif-Askary. “The launch of the Grayscale MakerDAO Trust allows investors to experience the growth of the entire MakerDAO ecosystem, aiming to remove DeFi’s dependence on traditional financial infrastructure by providing an open, decentralized, permissionless stablecoin system.”
The Grayscale MakerDAO Trust fund is not publicly traded and is available only to qualified investors. “The Trust is now open for daily subscription by qualified accredited individual and institutional investors.”
The price of the MKR token reacted after the news by jumping from US$1.993 to US$2.131 in just two hours. At the time of publication, Maker's price was listed at US$2.101,75, up 5.7% in the last 24 hours.
It is worth remembering that digital asset manager Grayscale Investments announced, on August 7, the launch of two new investment funds. According to the official announcement, the launched products are Grayscale Bittensor Trust and Grayscale Sui Trust. With this launch, the funds allow institutional investors to access TAO and SUI altcoins through a simplified investment process.
