Grayscale introduced its MakerDAO Trust, a single-asset crypto investment fund, leading to a 5% increase in MKR’s price.
Grayscale, a digital asset manager, has announced the launch of its MakerDAO Trust, a new single-asset cryptocurrency investment fund that was established through a private placement.
This is consistent with the implementation of other crypto-based trusts to provide investors with market exposure. A 5% increase in the price of MKR was a positive response.
MakerDAO Trust is Launched by Grayscale.
Grayscale announced the public introduction of a MakerDAO Trust in a press release on August 13, which further expanded its product line. This action enables investors to acquire market exposure to MKR, the utility governance token of the Ethereum-based autonomous organization, MakerDAO.
The Trust is accessible to both institutional and individual investors for daily subscriptions and functions similar to those of previous funds, which will serve as a foundation for investors in MakerDAO, according to the statement.
The company’s Head of Research and Products, Rayhaneh Sharif-Askary, emphasized the firm’s dedication to innovative investment opportunities and the demand for additional crypto products among investors.
