- Grayscale Investments launched two new crypto investment trusts, focusing on Bittensor’s AI tokens and Sui’s decentralized applications.
- The Bittensor and Sui Trusts are exclusive to eligible individuals and institutional accredited investors, not available to retail traders.
- These new trusts function like Grayscale’s existing single-asset investment trusts, targeting innovative protocols in the crypto market.
Two brand-new crypto investment trusts, Bittensor and Sui, have been launched by Grayscale Investments Targeting accredited investors with a strong passion in developing technologies and distributed applications. This action enhances its already-existing portfolio of products.
Focus on Bittensor and Sui Protocols
The Grayscale Bittensor Trust will focus on funding TAO, the native token of the Bittensor Protocol. This protocol is notable for leveraging tokens to encourage the open-source artificial intelligence development.
By giving contributors real benefits, the project seeks to promote cooperation and creativity in the AI space. This has a big influence on the funding and development direction of open-source projects.
Conversely, the Grayscale Sui Trust will make investments in the native Sui Protocol token, Sui (SUI).
Grayscale wants to expose the developing market of DApps, which are becoming more and more vital in the crypto ecosystem, by concentrating on this protocol.
Products exclusively for accredited investors
These new products are only accessible for subscription right now and not to retail traders. Press releases from Grayscale state that only qualified people and institutional accredited investors are able to fund these trusts.
This exclusivity guarantees that the products are reachable for people with considerable resources and experience in investments.
The head of product and research for Grayscale, Rayhaneh Sharif-Askary, expressed enthusiasm about including these products. She underlined that the new trusts operate like the current single-asset investment trusts of Grayscale.
Despite this, every product distinguishes itself as one of the first investment vehicles targeted especially on Sui or Bittensor.
Impact on Crypto Investment landscape
The Grayscale Bitcoin Trust (GBTC) is one of the well-known crypto investment products already on offer. These new trusts are meant to expose crypto assets without requiring actual token acquisition. For investors trying to diversify their portfolios with digital assets, this method offers a more easily available starting point.
The Bittensor and Sui Trusts’ launch reflects Grayscale’s approach to extend its line of business. Targeting cutting-edge protocols, Grayscale establishes itself as a leader in crypto investment management.
These new products could inspire other investment managers to investigate related prospects, creating a more diversified and developed market.
The post Grayscale Adds Bittensor and Sui Trusts Shaping Future Crypto Investment Trends appeared first on Crypto News Land.
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