Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»Grayscale Launches New Bittensor and Sui Crypto Trust Products –
BITCOIN NEWS

Grayscale Launches New Bittensor and Sui Crypto Trust Products –

By Crypto FlexsAugust 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale Launches New Bittensor and Sui Crypto Trust Products –
Share
Facebook Twitter LinkedIn Pinterest Email

Grayscale Investments has launched two new cryptocurrency trusts for Bittensor (TAO) and Sui crypto (SUI), further strengthening its commitment to the blockchain industry.

Launched on August 7, this new option gives accredited investors the opportunity to get early access to cutting-edge tokens before they are launched as formal exchange-traded funds (ETFs).

“With the launch of the Grayscale Bittensor Trust and the Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to cutting-edge tokens in the ongoing evolution of the cryptocurrency ecosystem,” said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale.

Why Grayscale Wants More Exposure to Bittensor and SUI Crypto

Grayscale Bittensor Trust focuses on Sui Crypto and TAO, with TAO becoming Bittensor’s primary token.

The platform uses tokens to encourage contributions to open source AI and to drive the convergence of AI and blockchain. Bittensor’s mission is to incentivize developers and enable decentralized AI to thrive.

At the same time, Sui Trust is dedicated to the SUI token. Sui is a turbocharged layer 1 blockchain geared towards scalable DApps worldwide.

(CM cap)

It is important to note that these new trust products are not available to retail traders.

According to a press release from Grayscale, both the Bittensor and Sui Trusts are open only to qualified individuals and accredited institutional investors.

“We are excited to add Bittensor and Sui to our product family, as we believe Bittensor is at the center of the growth of decentralized AI and Sui is redefining smart contract blockchain,” Rayhaneh Sharif-Askary, Grayscale’s head of products and research, said in a statement.

Discover: 17 Best Altcoins to Buy in August 2024

Grayscale’s Legacy and Market Position

Grayscale’s new Bittensor and Sui trusts, like the Bitcoin trust ‘GBTC’, allow whale investors to access crypto assets without having to acquire tokens directly.

This approach provides a way to ride the wave of new technologies while avoiding operational difficulties and regulations.

Meanwhile, Grayscale’s Ethereum Trust has been bleeding since its July launch, with recent outflows topping $2 billion by early August. The good news is that this outflow could set the stage for a bullish ETH rally as the market finds its balance.

Explore: Mark Cuban’s Bitcoin Theory: Decoding Silicon Valley’s Support for Trump

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. You may lose all your capital.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

ECB Chairman Lagarde aims to seize the global order to strengthen the Euro’s global position.

June 17, 2025

Bitcoin aims for $ 115K after US CPI data prefers investors.

June 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025
Most Popular

Why memes and trends are more important in the cryptocurrency market than stocks

March 11, 2024

CoinMarketCap Research examines innovative blockchain products bridging traditional and decentralized finance in a new stUSDT report.

February 10, 2024

Trump’s meme coin swung after President Trump said he ‘didn’t know much about it’

January 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.