Grayscale Investments has unveiled two new cryptocurrency investment trusts that provide exposure to Bittensor and Sui.
The newly launched funds, named the Grayscale Bittensor TAO Trust and the Grayscale Sui Trust, will focus on the native tokens of these respective blockchain protocols. Grayscale, known for its spot Bitcoin and Ethereum ETFs, announced the addition of these products via a press release on August 7.
“We're thrilled to expand our offerings with Bittensor and Sui. Bittensor plays a pivotal role in the expansion of decentralized AI, while Sui is setting new standards for smart contract blockchains,” said Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research.
Bittensor is a protocol designed to drive a decentralized AI ecosystem and marketplace. On the other hand, Sui operates as a layer-1 blockchain, revolutionizing digital asset ownership.
Other Grayscale Crypto Trusts
Grayscale continues to offer a broad selection of crypto investment products that allow investors to gain exposure to various digital assets without the complexity of directly purchasing or storing cryptocurrencies.
The addition of Sui and Bittensor to Grayscale's portfolio complements its existing single-asset trusts. These products are similar to those that offer investment opportunities in Solana, Bitcoin Cash, Chainlink, Filecoin, Litecoin, Zcash, and other popular cryptocurrencies.
Grayscale’s TAO and SUI Trusts Cater to Accredited Investors
According to the August 7 announcement, the Sui and Bittensor trusts are available through private placements, meaning only accredited institutional investors can access them through well-established investment structures.
“With the launch of the Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar investment options, giving them access to cutting-edge tokens that reflect the ongoing innovation within the crypto ecosystem,” Sharif-Askary added.
Following the news, the price of Sui surged to $0.06, while TAO struggled, impacted by the broader crypto market's recent downturn.

$SUI

$TAO
#SUİ #Bitcoin #fundraising #InvestorInterest #ETF✅

According to #CoinCarp #fundraising , Last week (04.02–04.08) 34 projects announced fundraising rounds.

#Web3

RACA($16.00M) | RACA is a metaverse platform for game studios, governed by a community-driven decentralized autonomous organization (DAO) boasting a large and experienced development team, hundreds of volunteers, and a vast fanbase. — with participation from DWF Labs

Polyhedra Network($15.00M) | Polyhedra Network is building the next generation of infrastructure for Web3 interoperability, scalability, and privacy through advanced Zero-knowledge proof (ZKP) technology — with participation from ABCDE, Animoca Brands, Arcane Group, Binance Labs, dao5, Foresight Ventures, Hashkey Capital, KuCoin Ventures, NGC Ventures, Polychain Capital, Polychain Capital, Sparkle Ventures

Alchemy Pay($10.00M) | Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. — with participation from DWF Labs

Social Future($6.00M) | Since its official launch in January 2023, Social Future has grown its user base to over 100,000 users from North America and enrolled more than 20,000 unique active wallets (UAW) per week — with participation from Everest Ventures, Folius Ventures, Mask Network, Mindfulness Capital, SNZ Capital, Stratified Capital, Tess Ventures, y2z Ventures

Third Summit($4.50M) | Third Summit is assembling a collective of agile companies that offer full-stack, enterprise-level digital media and advertising solutions to the mid-tier marketplace — with participation from Florida Innovation Capital

Lore($4.00M) | Lore is the group ownership platform — build collaborative web3 software for groups of all sizes to manage on-chain memberships, pool & manage capital, ownership, and co-purchase and use virtual assets together — with participation from Balaji Srinivasan, CMT Digital, Mischief, Multicoin Capital, North Island Ventures, Patricio Worthalter, Seed Club Ventures, Sfermion, Spice Capital, Sublime Ventures, Zeneca

Zealy($3.50M) | Zealy(rebranded from Crew3) helps web3 companies to engage, analyze and scale their community — with participation from Aglaé Ventures, Connect Ventures, Founders Future, Kima Ventures, Pareto Holdings, Purple, STATION F

Franklin($2.90M) | Franklin provides a tool for firms to make payments to employees and contractors in crypto, across the world, including the U.S — with participation from Arca, CMT Digital, gumi Cryptos, Portage Ventures, Sfermion, Synergis

Huddle01($2.80M) | Huddle01 was co-founded at the 2020 ETHGlobal hackathon with a vision to make real-time communication open, secure, and borderless by leveraging blockchain & crypto-economics — with participation from Balaji Srinivasan, Dan Romero, East Ventures, Good News Ventures, Hivemind Capital Partners, Juan Benet, LongHash Ventures, M31 Capital, Protocol Labs, Stani Kulechov, Superscrypt

Halo Wallet (Formerly KuCoin Wallet) | Halo Wallet is a secure and easy-to-use crypto wallet that supports multi-chain aggregation and aims to provide Web3 users with a more efficient and deep insight into investment opportunities through Social web — with participation from Hashkey Capital, IDG Capital, KuCoin Ventures

Safeheron| MPC-TEE Digital Asset Custody Solutions — Safeheron is your MultiSig wallet provider and Institutional-grade Web3 gateway — with participation from Bixin Ventures, Hashkey Capital, Hashkey Capital, Hybrid Ventures, M77 Ventures, PrimeBlock Ventures, Waterdrip Capital, Web3Vision, Yunqi Partners

TopGoal | TopGoal, a football metaverse platform, combines officially authorized digital collectibles, Web3 sports games, and social features — with participation from DWF Labs

#DeFi

IOST($10.00M) | IOST is building an ultra-high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy — with participation from BitValue

Nibiru($8.50M) | Nibiru is a sovereign proof-of-stake blockchain, open-source platform, and member of a family of interconnected blockchains that comprise the Cosmos Ecosystem — with participation from Kraken, NGC Ventures, Original Capital, Republic, Republic Capital, Tribe Capital, Tribe Capital

Steer Protocol($1.50M) | Steer is a decentralized computing protocol focused on addressing the challenges of infrastructure and data in building, securing, and deploying decentralized Web3 backends — with participation from Big Brain Holdings, Druid Ventures, Republic Capital

#NFTs

Ecosapiens($3.50M) | Ecosapiens is an eco-conscious perpetual carbon-capture NFT that defends the climate through creative tech, beginning with a perpetual carbon capture digital collectible series, through which carbon removal projects are funded — with participation from Alex Witt, Alumni Ventures Group, Alumni Ventures Group, Boost VC, Boost VC, Brayton Williams, Chaos Ventures, Climate Capital, Collab+Currency, CRV, Genius Ventures, Menlo Ventures, Menlo Ventures, Ovo Fund, Ryan Carson, Slow Ventures, Slow Ventures, UpHonest Capital

Metropoly($1.10M) | Metropoly is building the first marketplace for investing in income-producing real estate



Infrastructure

LayerZero($120.00M) | LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner — with participation from Andreessen Horowitz(a16z), Andreessen Horowitz(a16z), Animoca Brands, ATRUM, Avalanche Foundation, Binance Labs, Bixin Ventures, Blockdaemon, Bond Capital, BPEA EQT, Brandon Green, cFund, Chapter One, Chris Spadafora, Christie’s Ventures, Circle Ventures, Coinbase Ventures, CoinFund, Com2uS, Common Metal, Dapper Labs, DeFiance Capital, Delphi Digital, Echelon Capital, Exponent, Fantom Foundation, Franklin Templeton Investments, FTX Ventures, GCR, Gemini, Genblock Capital, GHAF Capital Partners, Hypersphere Ventures, imToken Ventures, IOBC Capital, Joe Lau, Joel Smith, Joey Santoro, Justin Bram, Justin Sun, Justin Timberlake, K5 Global, King River Capital, Kronos Research, Lightspeed Venture Partners, Maple VC, Maria Eitel, Matrixport, Muhabbit Capital, Multicoin Capital, MVP Ventures, NGC Ventures, Nikil Viswanathan, OKX, OpenSea, Operator Partners, OSAZ, PayPal Ventures, Polygon, Protocol Ventures, Protofund, Robot Ventures, Roham Gharegozlou, Russell Smith, Samsung Next, Sandeep Nailwal, Santiago R. Santos, Sarah Guo, Sequoia Capital, Sequoia Capital, Sino Global Capital, Space Whale Capital, The Spartan Group, Stani Kulechov, Sunny Aggarwal, The Lau Brothers, Tiger Global, Tom Brady, Uniswap, Volt Capital, Zokyo

M^ZERO($22.50M) | M^ZERO is a decentralized infrastructure layer for digital asset value transfer — with participation from AirTree Ventures, Distributed Global, Earlybird Venture Capital, Kraynos Capital, Mouro Capital, Pantera Capital, ParaFi Capital, Road Capital, SALT Fund, Standard Crypto

Astria($5.50M) | Astrias aim is to enable anyone to deploy their own censorship-resistant rollup without having to rely on a centralized sequencer — with participation from 1kx, Delphi Ventures, Figment Capital, Maven 11 Capital

Satsuma($5.00M) | Founded in 2022, Satsuma is a blockchain indexing platform with drop-in support for hosted subgraphs — with participation from Archetype, Homebrew, Initialized Capital, OpenSea, South Park Commons, Y Combinator

Opside($4.00M) | Opside is a 3-layer blockchain architecture, where Layer 2 is an EVM-compatible and rollup-friendly chain, and Layer 3 is composed of multiple zk-rollups — with participation from Web3.com Ventures

Coinweb($2.00M) | Coinweb is a cross-chain computation platform that provides usable blockchain technology thats more collaborative, better connected, and accessible for everyone — with participation from sava investment management

Patientory($1.50M) | Patientory is a Ethereum-based decentralized medical record storage computing platform where Healthcare entities can secure private health information, rent computing power, servers and data centers and make their unused resources available through a unique private infrastructure. — with participation from American Heart Association, Arlan Hamilton, BackStage Capital, Colorado Permanente Medical Group, Expert Dojo, GSK, Moda Health, Novartis, R/GA Ventures

Karrier One | Karrier One is the first carrier-grade decentralized mobile network that connects smart phones and users seamlessly and anonymously using the Karrier One blockchain

CeFi

Bitget($10.00M) | Established in 2018, Bitget is the worlds leading cryptocurrency exchange with futures trading and copy trading services as its key features — with participation from Dragonfly Capital

Finst($4.40M) | Finst is an Amsterdam-based cryptocurrency exchange led by a team of investment professionals who have previously contributed to build one of the largest retail investment platforms in Europe — with participation from Sentillia

Others

Delphi Labs($13.50M) | Delphi Labs is the incubation arm of crypto research firm Delphi Digital — with participation from Jump Crypto, P2P Validator

Acre($8.07M) | Led by CEO and Founder Justus Brown, Acre provides a broker platform that uses blockchain technology to input detailed consumer and property data to obtain a mortgage. — with participation from Aviva, Founders Factory, McPike Global Family Office

ENS Vision($2.00M) | ENS.Vision is a platform that enables the next generation of ENS (NFT) products through ENS bulk search tool, bulk register tool and an ENS exclusive aggregated (NFT) marketplace. — with participation from 1confirmation

Kryptview($1.50M) | Kryptview is a peer-to-peer scoring platform for cryptos — with participation from Bitpanda, DeFi Research Institute, GSR, KuCoin Ventures, Matters, Serafund, Smart-Chain

Mutiny Wallet($0.30M) | Mutiny Wallet is a self-custodial, privacy-focused wallet

DegenReborn | DegenReborn is a text-based & AVG style crypto life simulation game — with participation from CyberConnect, Era7, Galxe, P12

Yuliverse| Yuliverse is an alternative reality metaverse which is parallel to the real world and brings you a new lifestyle, meanwhile, it is also a game-based social application — with participation from Animoca Brands, Archerman Capital, Hummingbird Capital, K24 Ventures, Lingfeng Capital, Lionrock, TKX Capital

Of the above items, 35.29% of the projects are Web3 projects. The total funding amount last week is $289.57M, a 21.43% increase compared to the previous week. Among all, the biggest funding round is LayerZero, which has raised $120.00M.

Source: https://www.coincarp.com/fundraising/