Grayscale Introduces Trusts for Layer-2 Stacks and Near

Grayscale has recently introduced two new investment trusts, providing select investors the opportunity to gain exposure to Bitcoin layer-2 Stacks and Near Protocol. These trusts are exclusively available to accredited investors and operate similarly to Grayscale’s existing private placements. In addition to its wide array of investment options, such as Solana, Chainlink, and Decentraland, Grayscale now offers trusts focused on Stacks and Near Protocol.

Stacks functions as a Bitcoin layer-2 network that introduces smart contract capabilities to Bitcoin, enabling the creation and utilization of decentralized financial applications on the oldest cryptocurrency network. With the recent launch of its Nakamoto upgrade, Stacks has gained prominence due to the popularity of its Bitcoin protocols, Ordinals and Runes.