

Grayscale Introduces Bittensor and Sui Trusts to Provide Accredited Investors Access to TAO and SUI Tokens
Grayscale Investments, a crypto asset manager, has introduced two new investment trusts: Bittensor and Sui. On August 7, the firm announced that these trusts would focus on TAO and SUI
Grayscale has announced the launch of two new trusts, the Grayscale Bittensor Trust and Grayscale Sui Trust, offering exposure to TAO and SUI tokens, respectively. These trusts are available for subscription, but only to eligible individuals and institutional accredited investors.
The Bittensor protocol utilizes TAO tokens to incentivize open-source artificial intelligence development. The Sui blockchain, on the other hand, serves as a layer-1 smart contract platform for decentralized applications, with SUI as its native token.
These trusts, like Grayscale’s other single-asset investment trusts, provide a unique way to gain exposure to crypto assets without directly acquiring the tokens themselves. This model is exemplified by the Grayscale Bitcoin Trust, which allows investors to gain exposure to Bitcoin through a traditional investment vehicle.
Grayscale has a history of offering crypto investment vehicles, with the Grayscale Bitcoin Trust and Ethereum Trust being notable examples. The Ethereum Trust, which was recently converted into an exchange-traded fund (ETF), has seen a lot of activity. On August 1, the fund experienced outflows of about $78 million, pushing its cumulative outflows over $2 billion. Analysts suggest that these outflows may subside, potentially benefiting Ether.
The institutional interest in crypto assets is growing, and BlackRock’s spot Ether ETF has also seen strong inflows, accumulating nearly $900 million since its launch. This development reflects a broader trend in the investment landscape, with institutions showing increasing interest in digital assets.
Grayscale’s new Bittensor and Sui trusts are the latest additions to its product offerings. By focusing on TAO and SUI tokens, Grayscale continues to lead in providing structured, accessible crypto investments to accredited investors.
The above is the detailed content of Grayscale Introduces Bittensor and Sui Trusts to Provide Accredited Investors Access to TAO and SUI Tokens. For more information, please follow other related articles on the PHP Chinese website!

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

SublimeText3 English version
Recommended: Win version, supports code prompts!

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 Chinese version
Chinese version, very easy to use

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
