The “trust assets” are held in five Grayscale Trusts, totaling an estimated $691 million, and one trust managed by Bitwise, amounting to $53 million, based on the market value as of October 25, 2023. The trusts allow investors to gain exposure to digital assets without owning the digital assets.
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...
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