Grayscale Investments has unveiled its latest institutional-grade product: the Grayscale Space and Time Trust, anchored by SXT—the native asset of the Space and Time blockchain protocol. The move underscores Grayscale’s growing commitment to providing investors with diversified exposure to the evolving landscape of enterprise-grade Web3 technologies and innovative altcoins.
Product Structure and Conversion Potential
The new SXT trust is structured in the familiar Grayscale model—operating as a closed-end fund, with no option for direct redemption. However, the company has noted that the trust could be converted into an exchange-traded fund (ETF) in the future, which would open secondary market liquidity for its shares. This approach mirrors Grayscale’s existing suite of altcoin-focused products, signaling a strategic effort to capitalize on the next wave of blockchain adoption.
Space and Time: ZK-Driven Data for Web3
Space and Time is a decentralized protocol designed to offer zero-knowledge (ZK) infrastructure for data in decentralized applications (dApps). Its mainnet went live in May 2025, with the project targeting the key limitation of existing blockchains: bridging the decentralized nature of Web3 with the scalability and performance of traditional enterprise data platforms.
“Grayscale Space and Time Trust gives investors access to a project merging blockchain with enterprise-grade data architecture, supporting a broad range of use cases across both Web 2.0 and Web 3.0,” stated Rayhane Sharif-Askari, Head of Product and Research at Grayscale.
SXT Performance and Trust Details
At the time of publication, SXT was down 4.3% over the 24-hour period, according to Binance data. The fund charges a 2.5% management fee, with total assets under management (AUM) standing at $14.7 million. According to Grayscale’s official statement, the firm intends to broaden its basket of altcoin trusts—emphasizing investor demand for differentiated crypto asset exposure.
As Grayscale continues to expand its lineup, industry observers are watching closely to see if the SXT trust will follow the path of other Grayscale products toward eventual ETF conversion—potentially bringing even greater institutional access to innovative blockchain projects.