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Grayscale Launches New Investment Funds for Bittensor and Sui
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Grayscale Launches New Investment Funds for Bittensor and Sui

Aug 12, 2024

    Leading crypto asset manager Grayscale has launched two new investment funds focused on digital tokens Bittensor (TAO) and Sui (SUI). This move marks a significant opportunity for investors seeking diversified crypto exposure.

    Details About Bittensor and Sui Funds

    In a press release, Grayscale cited growing investor demand for diversified crypto exposure as the driving force behind introducing these new funds. The Grayscale Bittensor Trust will invest exclusively in TAO, the native token powering the Bittensor protocol, which leverages tokens to develop open-source artificial intelligence.

    Similarly, the Grayscale Sui Trust will focus solely on investing in SUI, the token underlying the Sui protocol, a highly efficient Layer-1 smart contract chain supporting scalable decentralized applications (dApps) globally.

    Significance for Investors

    Rayhaneh Sharif-Askary, Grayscale's Head of Product & Research, expressed the company's confidence in Bittensor's leadership in the decentralized AI movement and Sui's innovative impact on the smart contract blockchain space.

    With the introduction of these new funds, Bittensor and Sui join Grayscale's existing portfolio of over 20 crypto investment products. The Grayscale Bittensor Trust and Grayscale Sui Trust are now available for daily subscription by qualified individual and institutional accredited investors.

    Prospects for DigiHorse (DIGI)

    This strategic move by Grayscale underscores the growing significance of decentralized AI and innovative blockchain solutions, casting a favorable light on similar projects like DigiHorse (DIGI). DigiHorse leverages decentralized AI to create a unique NFT gaming ecosystem where users can buy, breed, and race digital horses, generating real-world income through play-to-earn mechanics.

    Notably, DigiHorse is amid an ongoing presale of its platform token DIGI, offering 450,000,000 DIGI tokens at an initial rate of $0.003333. DIGI is projected to rise to $0.075 upon listing, representing a potential 2,150% gain for early investors.

    Conclusion

    With the NFT gaming sector gaining traction and the positive market sentiment fueled by Grayscale's new funds, DigiHorse (DIGI) stands out as a promising investment opportunity in the evolving crypto landscape.

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