Grayscale Investments Launches Grayscale Bittensor Trust and Grayscale Sui Trust
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," said Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary.
Grayscale Bittensor Trust is exclusively invested in TAO, the token supporting the Bittensor protocol, which utilizes tokens to incentivize the development of open-source AI. Grayscale Sui Trust is focused solely on investing in SUI, the token supporting the Sui protocol, a high-performance Layer 1 smart contract blockchain designed to enable globally scalable decentralized applications.
"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," said Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary. "With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to offer investors familiar products that provide access to tokens at the forefront of the crypto ecosystem's ongoing evolution."
The new Trusts are now open for daily subscription by eligible individual and institutional accredited investors. The Trusts operate like Grayscale's existing suite of single-asset investment trusts, and each is one of the first investment products exclusively invested in the tokens supporting the Bittensor Protocol (TAO) and Sui (SUI).
