Core Insights - Grayscale has launched the Grayscale® Stacks Trust (ticker: STCK), which is the first publicly quoted investment vehicle for Stacks (STX) in the U.S., now trading on OTCQB [1][2] - The Trust allows investors to buy and sell STCK through brokerage accounts, marking a significant step in Grayscale's strategy to transition private offerings to public investment products [2][3] - The Stacks network enhances Bitcoin's capabilities by enabling smart contracts and decentralized applications, which could help manage increased demand on the Bitcoin network [3] Company Overview - Grayscale is recognized as the largest digital asset-focused investment platform, with approximately $31 billion in assets under management (AUM) as of September 30, 2025 [4] - The company aims to provide investors with access to the digital economy through a range of innovative investment products [4] Product Details - STCK has been available to accredited investors since May 2024, and its public listing represents a milestone in expanding investor access to digital assets [2][3] - The Trust is designed to provide exposure to STX, the token of the Stacks network, which integrates Bitcoin with smart contract functionality [3] Market Context - The introduction of STCK is part of a broader trend to integrate Bitcoin with advanced blockchain technologies, enhancing its scalability and functionality [3] - As new decentralized applications and token standards emerge on Bitcoin's blockchain, Grayscale believes that Stacks can address challenges related to transaction throughput and costs while maintaining security [3]

Core Insights - DeFi Technologies Inc. has launched eight new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings to over 75 ETPs and reinforcing its position in the digital asset market [1][2][9] Group 1: New ETP Listings - The newly listed ETPs include Valour Bitcoin Cash (BCH), Valour Unus Sed Leo (LEO), Valour OKB (OKB), Valour Polygon (POL), Valour Algorand (ALGO), Valour Filecoin (FIL), Valour Arbitrum (ARB), and Valour Stacks (STX) [9][10] - These ETPs provide regulated, exchange-traded access to leading blockchain protocols and infrastructure projects, catering to growing investor demand for diversified digital asset exposure [9][14] Group 2: Market Position and Goals - Valour aims to achieve 100 listed ETPs by the end of 2025, with the recent additions solidifying its leadership in the regulated digital asset investment space [14][15] - The company has surpassed 75 ETPs, delivering the broadest lineup of digital asset ETPs across major European exchanges, including Spotlight Stock Market, Börse Frankfurt, and Euronext [14][15] Group 3: Executive Commentary - Johanna Belitz, Head of Nordics at Valour, highlighted the strong demand in the Nordic market for transparent and regulated exposure to digital assets [13] - Elaine Buehler, Head of Product at Valour, emphasized the strategic curation of products that reflect the evolving architecture of Web3, aiming to provide compliant exposure to foundational infrastructure and high-utility ecosystem tokens [13]