Grayscale launches new crypto investment trusts for SUI and TAO
Quick Take
- Grayscale launched two new crypto investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust.
- The former invests in Bittensor’s native token TAO, while the latter solely focuses on Sui protocol’s SUI token.
- The two new trusts join Grayscale’s list of 18 crypto investment products.
The crypto asset manager Grayscale has added Bittensor and Sui to its list of crypto investment products.
Grayscale launched the Grayscale Bittensor Trust and Grayscale Sui Trust on Wednesday, according to a release shared with The Block. The Grayscale Bittensor Trust invests in Bittensor's native token TAO, and the Grayscale Sui Trust solely focuses on Sui protocol's SUI token.
"We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain," said Rayhaneh Sharif-Askary, Grayscale’s head of product and research, in a statement. "With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to tokens at the cutting edge of the crypto ecosystem’s continued evolution."
On May 23, Grayscale launched two trusts investing in Near (NEAR) and Stacks (STX). The funds gave accredited institutional and retail investors access to daily subscriptions for a diversified crypto portfolio, The Block previously reported.
Grayscale also has trusts related to Solana, Litecoin, Stellar, Zcash, Chainlink, Decentralized and other crypto investment products.
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