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Grayscales crypto funding options
Grayscales crypto funding options

DeFi

Generator DAO Trust is an addition to Grayscale’s crypto funding options

This is the latest addition to the company’s growing list of single-asset crypto investment products. Along with the new trusts for Bittensor and Sui, this move shows that Grayscale is still growing in the market for digital assets.

A new investment fund called Grayscale Investments has been launched just for MakerDAO’s control token, MKR. This plan, which was announced in August, is part of Grayscale’s plan to offer more crypto trading goods. The new Grayscale MakerDAO Trust gives smart investors a chance to invest in MKR, a key part of the MakerDAO ecosystem. The MakerDAO ecosystem is a decentralized finance (DeFi) protocol famous for handling different on-chain credit products and releasing the Dai stablecoin.

The MakerDAO Trust is a closed-end fund, which means that it can’t be bought or sold on a market and can’t be withdrawn directly. Due to the way supply and demand work in the market, this structure could cause shares to trade at a higher or lower price than the value of the actual product. Grayscale recently added trusts for Bittensor’s TAO and the Sui token, and this fund adds to its offers in the space for single-asset crypto investments.

However, people still want to invest in cryptocurrencies, so Grayscale’s move into other digital assets is part of a larger trend in the investment world. They want to meet the growing demand for crypto investments while also creating new financial goods.

author avatar
Satpal S
Satpal is an Editor and Author at 4C Media Co, specializing in all stories and news related to crypto and finance.
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