- Grayscale launched the Bittensor TAO and Sui Trusts to invest in decentralized AI and smart contract blockchain sectors.
- The Grayscale Bittensor Trust and Sui Trust are single-asset funds focused on TAO and SUI tokens, respectively.
- Grayscale’s recent moves include converting its Ethereum and Bitcoin trusts to ETF structures, enhancing investment options.
Grayscale has announced the addition of Bittensor (TAO) and Sui (SUI) to its crypto investment products. This strategic move aims at providing investors with unique opportunities in decentralized AI and smart contract blockchain sectors. The introduction of these trusts marks Grayscale’s continued expansion into emerging areas of the crypto market.
Focus on Decentralized AI
Grayscale Bittensor Trust is designed to invest in Bittensor’s native token TAO. This token plays a crucial role in the growth of decentralized AI. Bittensor’s approach to decentralized AI has attracted significant attention in the crypto market. The new trust aims to provide investors with direct exposure to this innovative sector
Redefining Smart Contracts
In contrast, Grayscale Sui Trust focuses exclusively on the SUI token of Sui protocol. The platform is recognized for its innovative approach to smart contract blockchains. Sui protocol’s unique contributions to the smart contract landscape have positioned it as a major player in the blockchain space. Sui Trust is designed to offer investors targeted investment opportunities in transformative technology.
Expanding Investment Horizons
These new funds are available to eligible individual and institutional accredited investors. They join an extensive range of Grayscale’s crypto investment products which already includes trusts related to Solana, Litecoin Stellar, Zcash Chainlink and others. The launch of Bittensor and Sui trusts aligns with Grayscale’s recent efforts to diversify its offerings, including newly established decentralized AI-focused digital asset trust.
Grayscale has also made significant changes to existing offerings. The changes include converting Grayscale Ethereum Trust (ETHE) to ETF structure. This transformation, along with a similar conversion of Grayscale Bitcoin Trust (GBTC) earlier this year demonstrates Grayscale’s commitment to adapting to the evolving regulatory landscape.
The post Grayscale Unveils New Bittensor and Sui Trusts, Targeting Decentralized AI and Smart Contracts appeared first on Crypto News Land.
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