Grayscale Launches New Crypto Investment Trusts for SUI and TAO

According to The Block, Grayscale has launched two new crypto investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust. The former invests in Bittensor's native token TAO, while the latter focuses solely on the Sui protocol's SUI token. The two new trusts join Grayscale's list of 18 crypto investment products.

Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said in a statement, “We are excited to add Bittensor and Sui to our suite of products and believe that Bittensor is at the heart of the development of decentralized AI while Sui is redefining the smart contract blockchain. With the launch of the Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that give them access to tokens at the forefront of the crypto ecosystem's continued development.”