🌎 Grayscale Launches New Bittensor and Sui Crypto Investment Trusts

Grayscale Investments has introduced two new crypto investment trusts, offering exposure to Bittensor and Sui. The funds, named Grayscale Bittensor Trust and Grayscale Sui Trust, will invest in the native tokens of these blockchain protocols. The announcement was made on August 7.

Rayhaneh Sharif-Askary, head of product and research at Grayscale, commented, “We are excited to add Bittensor and Sui to our product suite. Bittensor is central to the growth of decentralized AI, while Sui is redefining the smart contract blockchain.”

About Bittensor and Sui

Bittensor powers a decentralized ecosystem and marketplace for artificial intelligence. On the other hand, Sui is a layer-1 blockchain focused on digital asset ownership.

Grayscale’s Crypto Investment Products

Grayscale offers a variety of crypto investment products, providing exposure to crypto assets without the challenges of buying or custody. The new Bittensor and Sui trusts join Grayscale’s existing suite of single-asset products, which includes trusts for Solana, Bitcoin Cash, Chainlink, Filecoin, Litecoin, and Zcash.

Investment Access for Accredited Investors

Both the Sui and Bittensor trusts are available through private placement only, targeting accredited institutional investors. These investors can gain exposure to these crypto investments through familiar structures.

“With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to tokens at the cutting edge of the crypto ecosystem’s evolution,” Sharif-Askary added.