On Wednesday, Grayscale, a prominent crypto asset manager, announced the launch of two new investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust. These additions expand Grayscale’s portfolio to a total of 18 crypto investment products.
The Grayscale Bittensor Trust focuses on Bittensor’s native token, TAO, which saw a 4.82% increase. The Grayscale Sui Trust, on the other hand, is dedicated to the Sui protocol’s SUI token, which experienced a 12.42% rise. This move highlights Grayscale’s commitment to providing investors with access to cutting-edge tokens in the evolving crypto ecosystem.
What is Bittensor?
Bittensor is a decentralized artificial intelligence (AI) network that leverages blockchain technology. It aims to create a more open and accessible AI ecosystem by incentivizing the development and sharing of AI models. The native token of Bittensor is TAO, which plays a crucial role in the network’s economy.
What is Sui?
Sui is a Layer 1 blockchain platform designed for high-performance and scalability. It focuses on building decentralized applications (dApps) that require fast and secure transactions. Sui aims to address the limitations of existing blockchains by offering a unique architecture and a native token called SUI. The platform emphasizes user experience and developer tools to foster a thriving ecosystem.
The launch of these new trusts follows Grayscale’s previous introduction of investment products for Near (NEAR) and Stacks (STX) on May 23. These funds provide accredited institutional and retail investors with access to a diversified crypto portfolio through daily subscriptions.
These new trusts join Grayscale’s list of 18 crypto investment products, which also include trusts for Solana, Litecoin, Stellar, Zcash, Chainlink, and other cryptocurrencies.
Previously, on May 23, Grayscale introduced trusts for Near (NEAR) and Stacks (STX), offering accredited institutional and retail investors access to a diversified crypto portfolio through daily subscriptions.
