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Grayscale Launches First Publicly Traded Stacks (STX) Investment Product
Summary: Digital asset investment platform Grayscale has announced that its Grayscale® Stacks Trust (ticker: STCK) is now publicly trading on the OTCQB® market. STCK, initially launched in May 2024 through private placement, is now the first investment product in the United States to offer exposure to Stacks (STX) publicly. This move allows investors to trade STCK ...
Digital asset investment platform Grayscale has announced that its Grayscale® Stacks Trust (ticker: STCK) is now publicly trading on the OTCQB® market. STCK, initially launched in May 2024 through private placement, is now the first investment product in the United States to offer exposure to Stacks (STX) publicly. This move allows investors to trade STCK through regular brokerage accounts. Grayscale's Head of Product and Research, Rayhaneh Sharif-Askary, stated that this expands investors' access to digital assets, enabling Bitcoin-based smart contract assets to be included in traditional investment portfolios. Stacks founder Muneeb Ali added that this highlights Stacks' role in maintaining Bitcoin network security while expanding Bitcoin's programmable smart contract capabilities. Stacks network aims to expand and enhance the Bitcoin ecosystem through smart contracts and decentralized applications.
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