Grayscale Expands Crypto Offerings with Bittensor and Sui
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Grayscale Investments has introduced two new crypto investment trusts, adding to its growing portfolio. The newly launched funds, the Grayscale Bittensor Trust and the Grayscale Sui Trust, offer exposure to the native tokens of Bittensor and Sui blockchain protocols.

Announced on August 7, these single-asset funds are designed to provide accredited investors with a streamlined way to invest in these specific digital assets.

New Products for a Diverse Portfolio

Grayscale's new trusts function similarly to its existing single-asset investment products. The firm has a reputation for creating financial instruments that allow exposure to crypto assets without the need for direct acquisition. 

These new products follow the recent launch of a decentralized AI-focused digital asset trust, which includes exposure to multiple tokens like Near (NEAR), Render (RNDR), and Filecoin (FIL). As of August 5, this AI-focused trust had nearly $1 million in assets under management.

Bittensor and Sui: A Closer Look

The Grayscale Bittensor Trust and Grayscale Sui Trust are significant because they are among the first investment products to focus exclusively on the Bittensor and Sui protocols. 

Bittensor is a decentralized network designed for creating and distributing machine learning models. Sui, on the other hand, is a blockchain protocol known for its scalability and efficiency.

These new trusts provide an opportunity for investors to gain exposure to these innovative blockchain projects through a familiar investment vehicle.

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