Grayscale Unveils New Bittensor and Sui Trusts

These new offerings expand Grayscale's portfolio, which already includes over 20 crypto investment products.

Grayscale, a leading digital currency asset manager, has announced the launch of two new trusts. These trusts will offer investors exposure to TAO, the native token of the Bittensor protocol, and SUI, the token associated with the Sui protocol.

The Grayscale Bittensor Trust is designed to track the value of TAO tokens held by the trust. Bittensor is a platform that uses tokens to incentivize the development and contributions to open-source AI. The trust will provide investors with a convenient and efficient way to gain exposure to TAO tokens and support the growth of decentralized AI technologies.

Meanwhile, the Grayscale Sui Trust will offer investors exposure to SUI tokens. Sui is a high-performance Layer 1 blockchain that aims to support scalable decentralized applications on a global scale. The trust will provide investors with a targeted investment vehicle for SUI tokens, aligning with the growing interest in blockchain solutions that drive advanced decentralized applications.

These new trusts expand Grayscale’s portfolio, which already includes over 20 crypto investment products. The company's trusts offer investors varying levels of exposure to different cryptocurrencies, catering to a wide range of investment strategies and risk appetites.

The launch of the Grayscale Bittensor Trust and the Grayscale Sui Trust also reflects Grayscale’s broader strategy to capitalize on niche opportunities within the vast crypto market.

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.

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