Grayscale Adds Ripple Competitor Stellar to Crypto Portfolio12

Grayscale Investments, the company behind the Bitcoin Investment Trust, announced on Thursday it will offer a fund to let professional investors gain exposure to Stellar and its digital currency known as Lumens.

Stellar, which is currently the sixth most valuable cryptocurrency, was the brainchild of Jed McCaleb, an iconic figure in the crypto world, who founded Ripple and an influential, ill-fated early exchange, Mt. Gox. The project, which gained early backing from fintech giant Stripe, is pushing to make its Lumens currency part of real world banking operations.

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