Grayscale releases trusted products for Sui and Bittensor.
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Greyscale Investments has introduced two new crypto products investing in SUI and TAO. The company aims to meet growing investor demand for various crypto exposures.
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Grayscale Investments, a leading asset manager, has expanded its portfolio with two new funds, Grayscale Bittensor Trust and Grayscale Sui Trust, the company said in a press release on Wednesday. Bittensor Trust invests in TAO, a token for AI development, while Sui Trust focuses on SUI, a high-performance blockchain token.
“We are excited to add Bittensor and Sui to our product portfolio and believe that Bittensor is the center of decentralized AI development, while Sui is redefining the smart contract blockchain,” said Reyhaneh Sherif-Askari, Head of Product and Research. Gray scale
The new trusts will operate similarly to Greyscale's existing single-asset investment trusts. Grayscale offers trusts tied to various crypto assets such as Solana, Stellar, Chainlink and Litecoin. The firm has launched new funds that will invest in the near term and stack.
With these new offerings, Grayscale aims to meet growing investor demand for diversified crypto exposure. The trusts are among the first investment products to focus exclusively on TAO and SUI.
“With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to offer investors the cutting edge of the continued evolution of the crypto ecosystem,” added Sharif-Askari.
At press time, Grayscale Bittensor Trust shares are trading at $5.15, and Grayscale Sui Trust shares are trading at $8.97. Both trusts are open to registration by accredited investors and charge a 2% management fee.
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