According to The Block, Grayscale announced that it has launched two new cryptocurrency investment products. Accordingly, Garyscale Sui (SUI) added Bittensor (TAO) to its list of crypto investment products.
These two new altcoins join Grayscale's list of 18 crypto investment products: Grayscale Bittensor Trust and Grayscale Sui Trust.
While the first of these funds invests in Bittensor's native token TAO, the second focuses on SUI, the token of the Sui protocol.
Grayscale's head of product and research, Rayhaneh Sharif-Askary, said in the statement:
“We are excited to add Bittensor and Sui to our product suite and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining smart contract blockchain.
“With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to offer investors familiar products that provide access to tokens at the cutting edge of the crypto ecosystem's continuous evolution.”
Following the news, TAO and SUI prices became active.
On May 23, Grayscale launched two trusts investing in Near (NEAR) and Stacks (STX).
*This is not investment advice.