Grayscale launches the first publicly traded Stacks (STX) investment product
ChainCatcher news, digital asset investment platform Grayscale announced that its Grayscale® Stacks Trust (Ticker: STCK) has begun public trading on the OTCQB® market.
STCK was initially launched in May 2024 through a private placement and now becomes the first publicly quoted investment product in the United States to provide exposure to Stacks (STX). This move allows investors to trade STCK through standard brokerage accounts.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, stated that this expands investor access to digital assets and enables Bitcoin-based smart contract assets to be included in traditional portfolios. Stacks founder Muneeb Ali added that this move highlights the role of Stacks in expanding Bitcoin's programmable smart contract capabilities while maintaining the security of the Bitcoin network.
It is reported that the Stacks network aims to expand and enhance the Bitcoin ecosystem through smart contracts and decentralized applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”
Elon Musk stated that Cybertruck production will be extended until late summer 2027 to clear the order backlog, and Tesla's stock price rose by about 4%.
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Crypto prices
More
