- Grayscale Investment has launched two new crypto trusts: the Bittensor Trust and the Sui Trust.
- These new offerings expand Grayscale’s portfolio, which already includes over 20 crypto investment products.
- The Grayscale Bittensor Trust is focused exclusively on TAO, the native token of the Bittensor protocol.
Grayscale Unveils New Bittensor and Sui Trusts
Bittensor is an innovative platform that uses tokens to incentivize the development and contributions to open-source AI. The Bittensor Trust offers investors exposure to TAO, supporting the growth of decentralized AI technologies.
On the other hand, the Grayscale® Sui Trust is dedicated to SUI, the token associated with the Sui protocol. Sui is a high-performance Layer 1 blockchain designed to support scalable decentralized applications on a global scale.
The Grayscale® Sui Trust offers investors a way to gain exposure to the SUI token. This aligns with the growing interest in blockchain solutions that drive advanced decentralized applications.
We are proud to announce the creation of two new single-asset crypto investment funds, available through private placement: Grayscale Bittensor Trust $TAO and Grayscale Sui Trust $SUI.
Available to eligible accredited investors.
Press release: https://t.co/Xplh81KI9W
1/3 pic.twitter.com/pGcLhcZSdD
— Grayscale (@Grayscale) August 7, 2024
These new trusts reflect Grayscale’s commitment to expanding its range of investment products. This expansion responds to the evolving landscape of cryptocurrency and blockchain technology.
By offering dedicated investment vehicles for TAO and SUI, Grayscale aims to cater to investors seeking targeted exposure to emerging technologies in the crypto space.
Grayscale Sui Trust is focused solely on investing in $SUI, the token underpinning the Sui protocol, a Layer 1 smart contract blockchain to enable scalable decentralized applications.
See important disclosures, or speak to a team member: https://t.co/WgCAFA7E8L
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— Grayscale (@Grayscale) August 7, 2024
Finally, the introduction of the Grayscale® Bittensor Trust and the Grayscale® Sui Trust highlights Grayscale’s strategy to capitalize on niche opportunities within the broader crypto market.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.