Grayscale Investments is expanding its cryptocurrency portfolio by launching the Grayscale MakerDAO Trust, a new product aimed at providing streamlined access to MakerDAO’s MKR token. The Trust is designed to support institutional investors seeking exposure to the MakerDAO ecosystem, which offers a range of decentralized financial services on the Ethereum blockchain.

Despite a challenging year for the broader crypto market, MKR has shown resilience, increasing by 17% in 2024. This performance underscores the strong market interest in the token, even amid a general downturn.

Grayscale, one of the world’s largest digital currency asset managers, now offers more than 20 crypto investment products. The new MakerDAO Trust aligns with the firm’s strategy to broaden investor access to different sectors of the crypto market. Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasized the importance of the new product in meeting the growing demand for crypto exposure.

“As demand for crypto exposure continues to grow, Grayscale is committed to expanding our suite of products and providing innovative investment opportunities,” Sharif-Askary told BeInCrypto.

The Trust’s structure mirrors Grayscale’s other single-asset investment trusts, focusing exclusively on MKR. This allows investors to engage directly with the MakerDAO ecosystem, reducing their reliance on traditional financial systems. However, it’s important to note that while Grayscale aims to have the shares of its new products quoted on secondary markets, there is no guarantee of success.

In addition to the MakerDAO Trust, Grayscale has also launched the Grayscale Bittensor Trust and the Grayscale Sui Trust, which invest in TAO and SUI tokens, respectively. These Trusts support decentralized AI development and scalable smart contract technology, further diversifying Grayscale’s crypto investment offerings.

Source: Grayscale Expands Crypto Portfolio With New MakerDAO Trust