Grayscale, which allows the purchase of funds indexed to many cryptocurrencies, has added NEAR and STX to its platform. The two altcoins were initially opened only to private and accredited clients.

Speaking to US media outlet Decrypt, Rayhaneh Sharif-Askary, the company’s director of product and research, said: “With continued demand for diversified crypto asset exposure, Grayscale remains committed to launching new products that enable investors to access emerging and evolving parts of the crypto ecosystem,”

Sharif-Askary also said that both projects eliminate scalability issues and contribute to greater crypto adoption.

ETF to be the last target

Grayscale sees the launch of such new products to private clients as the first step in its “lifecycle”. The ultimate goal is to turn the fund into an ETF, the company says on its website. So far, only Bitcoin and Ether funds have been converted into an ETF.

Grayscale, whose CEO Michael Sonnenshein resigned last week, has many products from Chainlink to Polkadot, Decentraland to Solana and various index funds.