KEYTAKEAWAYS
- Grayscale launches new investment trusts for SUI and TAO tokens
- Trusts aim to provide exposure to cutting-edge blockchain and AI projects
CONTENT
Leading digital asset manager Grayscale Investments introduces two new cryptocurrency trusts, focusing on Sui’s SUI token and Bittensor’s TAO, expanding opportunities for accredited investors in the evolving blockchain and AI sectors.
Grayscale Investments, a prominent digital asset management firm, has announced the addition of two new cryptocurrency investment trusts to its product lineup. The Grayscale Sui Trust and Grayscale Bittensor Trust, launched on Wednesday, offer accredited investors exposure to the SUI and TAO tokens, respectively.
The Grayscale Sui Trust focuses solely on the SUI token, the native cryptocurrency of the Sui protocol, a next-generation smart contract platform. Meanwhile, the Grayscale Bittensor Trust invests in TAO, the native token of Bittensor, a decentralized artificial intelligence network.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed enthusiasm about the new offerings, stating, “We believe Bittensor is at the forefront of decentralized AI growth, while Sui is revolutionizing smart contract blockchains. These trusts continue our commitment to providing investors with access to tokens driving the crypto ecosystem’s evolution.”
These latest additions follow Grayscale’s May 23 launch of trusts investing in Near (NEAR) and Stacks (STX), further diversifying the firm’s crypto investment options. The company’s expanding portfolio also includes trusts related to well-established cryptocurrencies such as Solana, Litecoin, Stellar, and Chainlink.
Grayscale’s new trusts cater to both institutional and accredited retail investors, offering daily subscription opportunities. This move reflects the growing interest in emerging blockchain technologies and decentralized AI projects within the cryptocurrency space.
As the digital asset landscape continues to evolve, Grayscale’s latest offerings demonstrate the company’s commitment to providing investors with diverse exposure to the cryptocurrency market’s most innovative projects.
>> Also read: Sui Mainnet to Integrate Mysticeti Consensus Algorithm for Enhanced Efficiency
