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Grayscale, a prominent crypto asset manager, has introduced two new crypto investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust. These new trusts expand Grayscale’s suite of crypto investment offerings to a total of 18 products.
– Grayscale Bittensor Trust: This trust invests in Bittensor’s native token, TAO.
– Grayscale Sui Trust: This trust is dedicated to the Sui protocol’s SUI token.
The introduction of these trusts reflects Grayscale’s commitment to providing investors with diverse and cutting-edge investment opportunities within the crypto ecosystem.
Statement from Grayscale
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed enthusiasm about the new products, stating:
“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. 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.”
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Earlier this year, on May 23, Grayscale launched two other trusts focusing on Near (NEAR) and Stacks (STX). These funds offer accredited institutional and retail investors access to daily subscriptions for a diversified crypto portfolio.
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