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.