Breaking: Grayscale Launches MakerDAO Trust, MKR Price Soars 5%

As a seasoned crypto investor with a knack for spotting promising opportunities, I find the launch of Grayscale’s MakerDAO Trust intriguing. Having witnessed the meteoric rise and fall of various digital assets, I appreciate the potential this move holds for investors seeking exposure to the DeFi sector.


Grayscale, a digital asset manager, has unveiled its MakerDAO Trust – a fresh, individual cryptocurrency investment fund, distributed privately. This move mirrors previous launches of crypto-related trusts to offer investors market exposure. The value of MKR increased by 5% following this announcement.

Grayscale Rolls Out MakerDAO Trust 

In an announcement on August 13th, Grayscale unveiled the public debut of a MakerDAO Trust, expanding its collection of offerings. With this step, investors can now access the MKR token, which functions as both a market exposure tool and a governance token for MakerDAO, an autonomous Ethereum-based organization.

According to the statement, the Trust welcomes both institutional and individual investors for daily investments. It operates similarly to its previous funds, providing a foundation for MakerDAO investors. Rayhaneh Sharif-Askary, who heads Research and Products at the company, highlighted the growing investor interest in crypto products, emphasizing their dedication to offering innovative investment options.

Launching the Grayscale MakerDAO Trust offers investors a chance to follow the expansion of the whole MakerDAO network. This trust aims to reduce DeFi’s reliance on traditional financial frameworks by establishing a permissionless, decentralized, and accessible stablecoin system within the ecosystem.

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2024-08-13 16:49