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.
New Products for a Diverse Portfolio
Grayscale's new trusts function similarly to its existing single-asset investment products. The firm is known for creating financial instruments that allow exposure to crypto assets without the need for direct acquisition.
Bittensor and Sui: A Closer Look
The Grayscale Bittensor Trust and Grayscale Sui Trust 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 known for its scalability and efficiency.
Grayscale’s Market Position
Grayscale is well-known in the crypto investment space for its popular products like the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE). Earlier this year, Grayscale converted its long-running Ethereum Trust into an exchange-traded fund (ETF) structure, following regulatory approval in the U.S.
These new trusts offer investors an opportunity to gain exposure to further innovations in blockchain technology through a familiar investment vehicle, aligning with Grayscale's strategy of offering specialized products tailored to the diverse interests of crypto investors.
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