Grayscale Introduces Two New Crypto Investment Trusts: Grayscale Bittensor Trust and Grayscale Sui Trust
Grayscale, one of the leading crypto asset managers, has recently expanded its portfolio with two new crypto investment products: Grayscale Bittensor Trust and Grayscale Sui Trust.
The Grayscale Bittensor Trust focuses on the TAO token from Bittensor, which is centered around decentralized artificial intelligence. On the other hand, the Grayscale Sui Trust is dedicated to the SUI token from the Sui protocol, an innovative blockchain for smart contracts.
These new trusts, along with the 18 existing crypto investment products offered by Grayscale, bring the total number of products to 20.
Details of the New TAO and SUI Trusts
The Grayscale Bittensor Trust, priced at $5.15 per share during the time of writing, exclusively invests in the native TAO token of Bittensor, a platform at the forefront of decentralized AI growth. Meanwhile, the Grayscale Sui Trust, currently priced at $8.97 per share, is dedicated to the SUI token from the Sui protocol, a blockchain that is redefining smart contracts.
The management fees for these new products amount to 2.5%.
Official Statement from Grayscale
Rayhaneh Sharif-Askary, the Head of Product and Research at Grayscale, expressed enthusiasm about these launches, stating, “We are thrilled to add Bittensor and Sui to our product lineup, and we believe Bittensor is at the center of decentralized AI growth, while Sui is redefining the smart contract blockchain. With the launch of the Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to offer investors familiar products that provide access to cutting-edge crypto tokens as the ecosystem evolves.”
Context and Previous Expansions
These new funds follow previous launches such as the trusts investing in Near (NEAR) and Stacks (STX), introduced by Grayscale on May 23. These funds offer institutional and accredited individual investors the opportunity to subscribe daily to a diversified crypto portfolio. Grayscale continues to expand its range of products to meet the growing demand for access to digital assets.
Grayscale already offers trusts related to various cryptocurrencies, including Solana, Litecoin, Stellar, Zcash, Chainlink, and Decentralized, among others.
