Asset manager Grayscale has just unveiled 2 new crypto investment funds, the first based on the TAO token of Bittensor, a project combining artificial intelligence and blockchain, and the second on the SUI token of the blockchain of the same name. These new crypto funds join the list of 18 investment products already offered by Grayscale.
A total of 20 investment products for the asset manager
Asset manager Grayscale has announced the launch of two new cryptocurrency investment funds.strengthening its product range. As the company states:
“Grayscale […] which offers no less than 20 cryptocurrency investment products, today announced the creation and public launch of two new cryptocurrency investment funds: Grayscale Bittensor Trust and Grayscale Sui Trust. »
As their names suggest, These new funds focus on 2 tokens with different characteristics.
The first, Grayscale Bittensor Trustis based on Bittensor's TAO tokena project that aims to build a collaborative and decentralized market for artificial intelligence (AI).
The second, Grayscale Sui Trustrelies on the SUI token of the Sui blockchain which has an innovative architecture, exploiting among other things the Move programming language and horizontal scalability by parallelization.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, spoke about these launches, not hiding his excitement:
”
We are excited to add Bittensor and Sui to our product lineup, and we believe Bittensor is at the center of the growth of decentralized artificial intelligence, while Sui is redefining the smart contract blockchain. 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 ongoing evolution of the crypto ecosystem. “.
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Grayscale Continues to Expand Asset Portfolio with Aim to Cover Entire Crypto Market
The two new funds will allow investors to access TAO and SUI cryptos through a simplified investment processIt is already possible to subscribe to these trusts.
In recent months, Grayscale has been launching a series of investment products. Last May, The asset manager unveiled two funds based on the blockchains Near (NEAR) and Stacks (STX)The company also has funds linked to Solana, Litecoin, Stellar, Zcash, and Chainlink.
One of its latest investment funds, Grayscale Decentralized AI Fund LLCintended to support investment efforts regarding artificial intelligence in the crypto sector.
In addition to crypto funds, the asset manager officially launched the Bitcoin Mini Trust in the United States, considered the cheapest Bitcoin spot ETF. In addition, at the end of July, the company was able to launch its Ethereum Spot ETF on American soil after several months of waitingalongside 8 other similar assets.
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Source : Press release
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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