@aksbks010
The launch of the fund will allow investors to gain access to the growing MakerDAO ecosystem while avoiding the risks inherent in the industry.
This is a closed-end fund, unlike, for example, GBTC or ETHE, which are traded on exchanges. It is impossible to withdraw assets from it directly, as was the case with the Grayscale Bitcoin Trust before its conversion to a spot ETF.
The product is available only to accredited investors of the company. Its structure is consistent with other funds with a single provider asset. These include Grayscale Sui Trust.
Recall that against the backdrop of the launch of this fund, the underlying asset rate rose by 85%.
Maker (MKR) responded to the news with confident growth. On the daily chart, the price jump exceeds 5%. At the time of writing, the asset is trading above $2.1: