Token

Basic Attention Token

Notable

Grayscale Bitcoin Trust

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/grayscale-launches-new-investment-fund-for-makerdaos-mkr-token/" data-wpel-link="internal">Grayscale Launches New Investment Fund for MakerDAO’s MKR Token</a> 
Asset manager Grayscale Investments launched a new investment fund for MakerDAO’s governance token MKR, according to a press release dated August 13. The announcement states that the Grayscale MakerDao Trust offers <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> the opportunity to invest in MKR, the utility and governance token for the Ethereum-based autonomous organization MakerDAO. The fund, which is not traded on the exchange and is only open to qualified investors, is added to Grayscale’s suite of single-asset crypto investment products. 
<h2 class="p1" style="text-align: justify" id="grayscale-team-takes-notable-step">Grayscale Team Takes Notable Step</h2> 
Grayscale launched two more funds on August 7 to invest in the native protocol tokens of Bittensor and Sui. As of August 1, Grayscale is the world’s largest crypto fund manager with over $25 billion in assets under management (AUM). 
The company is best known for its exchange-traded funds (ETFs) for Bitcoin (BTC) and <a href="https://en.coin-turk.com/ethereum-gains-attention-after-whale-activity-and-etf-news/" data-wpel-link="internal">Ethereum</a> (ETH), including the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). Grayscale also operates dedicated single-asset funds for other protocol tokens such as Basic Attention Token (BAT) and Chainlink (LINK). 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379463 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/grayscale.png" alt="" width="1319" height="1178"> 
MakerDAO serves as a decentralized finance (DeFi) protocol and issuer of the USD-pegged stablecoin DAI, and it also operates an ecosystem of on-chain credit products. MakerDAO announced in July that it plans to invest $1 billion in tokenized US treasury bonds. 
<h2 class="p1" style="text-align: justify" id="statements-on-the-subject">Statements on the Subject</h2> 
Grayscale’s head of product and research, Rayhaneh Sharif-Askary, stated that the Grayscale MakerDAO Trust team allows investors to experience the growth of the entire MakerDAO ecosystem and added: 
<blockquote> 
 “Grayscale is committed to expanding our product lineup and offering innovative investment opportunities.” 
</blockquote> 
Grayscale’s global head of ETFs, Dave Lavalle, predicted during a webinar on August 12 that the market for crypto ETFs will expand to include new types of crypto assets as well as diversified crypto indexes, and he added: 
<blockquote> 
 “We will see a few more single-asset products and then definitely some index-based and diversified products.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/grayscale-launches-new-investment-fund-for-makerdaos-mkr-token/" data-wpel-link="internal">Grayscale Launches New Investment Fund for MakerDAO’s MKR Token</a></h5>
The post <a href="https://en.coin-turk.com/grayscale-launches-new-investment-fund-for-makerdaos-mkr-token/" data-wpel-link="internal">Grayscale Launches New Investment Fund for MakerDAO’s MKR Token</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Grayscale Launches New Investment Fund for MakerDAO’s MKR Token

Table of Contents

COINTURK NEWS

Other articles published on Aug 13, 2024

Pi42 Exchange Claims They Are ‘Safer’ Than WazirX: Both Have Same Co-founder

TeraWulf shifts focus to AI after Bitcoin mining dips 21% in Q2

Altcoins Whales Go Crazy about CYBRO Pre-Sale at $0.03 After Ripple Parabolic Curve; Cardano (ADA...

Victoria VR Launches VRtap: Strategic PvP Play-to-Earn Game on Telegram

Shibarium and Shiba Inu Adoption: Stunning Correlation Unfolds

ORDI Price Jumped Over 10%: Should Investors Consider Buying?

Join our free newsletter for daily crypto updates!