Grayscale Establishes New Investment Trust for MakerDAO

Grayscale continues to establish a new investment fund in cryptocurrency, this time featuring MakerDAO (MKR).

Grayscale Establishes New Investment Trust For Makerdao

Just days after launching two investment trusts for Bittensor and Sui crypto assets, Grayscale has announced a new trust fund to facilitate investor access to the MKR token of the decentralized lending platform MakerDAO.

Grayscale creates investment fund MarketDAO Trust
Grayscale creates investment fund MarketDAO Trust

Similar to previous private offerings, the MakerDAO Trust is exclusively for accredited investors. This new fund adds to Grayscale’s existing portfolio of 20 cryptocurrency trusts, which includes tokens such as Bitcoin Cash, Chainlink, Decentraland, Mana, Ethereum Classic, and Solana.

Related: Grayscale Establishes Decentralized AI Fund LLC

Introduction to MakerDAO and Price Movements

MakerDAO, a lending project on the Ethereum platform launched in 2014, allows users to borrow the stablecoin DAI by over-collateralizing their assets. Notably, MakerDAO operates as a decentralized autonomous organization (DAO), not controlled by a single development team or entity. MKR token holders have the right to participate in decision-making and vote on proposals.

As one of the leading DeFi protocols, MakerDAO currently manages over $7 billion in cryptocurrency and real-world assets, including U.S. short-term treasury bonds. Additionally, the project manages DAI, the largest decentralized stablecoin to date, attracting interest from major real-world asset projects such as BlackRock’s BUIDL and Securitize funds, Ondo Finance, and Superstate.

Following this announcement, the price of DAO has surged by over 8%, currently trading around the $2,141 mark.

MKR price fluctuations after the fund establishment announcement (Source: Coinmarketcap)
MKR price fluctuations after the fund establishment announcement (Source: Coinmarketcap)
Love

0.0/5

Love

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.