Bittensor

Grayscale Bitcoin Trust

<ul>
 <li>Grayscale launched the Bittensor TAO and Sui Trusts to invest in decentralized AI and smart contract blockchain sectors.</li>  
 <li>The Grayscale Bittensor Trust and Sui Trust are single-asset funds focused on TAO and SUI tokens, respectively.</li>  
 <li>Grayscale's recent moves include converting its Ethereum and Bitcoin trusts to ETF structures, enhancing investment options.</li> 
</ul>  
<p>Grayscale has announced the addition of Bittensor (TAO) and Sui (SUI) to its crypto investment products. This strategic move aims at providing investors with unique opportunities in decentralized AI and smart contract blockchain sectors. The introduction of these trusts marks Grayscale's <a href="https://cryptonewsland.com/grayscale-ethereum-trust-etf-sees-1-5-billion-outflows/" target="_blank" rel="noopener noreferrer nofollow">continued expansion</a> into emerging areas of the crypto market.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/SuiNetwork/status/1821195915480461419
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-focus-on-decentralized-ai-nbsp-nbsp"><strong>Focus on Decentralized AI</strong>&nbsp;&nbsp;</h2>  
<p>Grayscale Bittensor Trust is designed to invest in Bittensor's native token TAO. This token plays a crucial role in the growth of decentralized AI. Bittensor's approach to decentralized AI has attracted <a href="https://cryptonewsland.com/grayscale-unveils-new-fund-targeting-decentralized/" target="_blank" rel="noopener noreferrer nofollow">significant attention</a> in the crypto market. The new trust aims to provide investors with direct exposure to this innovative sector</p>  
<h2 class="wp-block-heading" id="h-redefining-smart-contracts"><strong>Redefining Smart Contracts</strong></h2>  
<p>In contrast, <a href="https://www.grayscale.com/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> Sui Trust focuses exclusively on the SUI token of Sui protocol. The platform is recognized for its innovative approach to smart contract blockchains. Sui protocol's unique contributions to the smart contract landscape have positioned it as a major player in the blockchain space. Sui Trust is designed to offer investors targeted investment opportunities in transformative technology.</p>  
<h2 class="wp-block-heading" id="h-expanding-investment-horizons"><strong>Expanding Investment Horizons</strong></h2>  
<p>These new funds are available to eligible individual and institutional accredited investors. They join an extensive range of Grayscale’s crypto investment products which already includes trusts related to <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, Litecoin Stellar, Zcash Chainlink and others. The launch of Bittensor and Sui trusts aligns with Grayscale’s recent efforts to diversify its offerings, including newly established decentralized AI-focused digital asset trust.</p>  
<p>Grayscale has also made significant changes to existing offerings. The changes include converting Grayscale Ethereum Trust (ETHE) to ETF structure. This transformation, along with a similar conversion of Grayscale Bitcoin Trust (GBTC) earlier this year demonstrates Grayscale’s commitment to adapting to the evolving regulatory landscape.</p> 
<p>The post <a href="https://cryptonewsland.com/grayscale-unveils-new-bittensor-and-sui-trusts-targeting-decentralized-ai-and-smart-contracts/" rel="noopener noreferrer nofollow">Grayscale Unveils New Bittensor and Sui Trusts, Targeting Decentralized AI and Smart Contracts</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Grayscale Unveils New Bittensor and Sui Trusts, Targeting Decentralized AI and Smart Contracts

Table of Contents

Crypto News Land

Other articles published on Aug 8, 2024

Ripple Faces $125 Million Fine in Ongoing Lawsuit with U.S SEC

Solana Welcomes USDe Stablecoin: A New Era for Ethena Labs

Bitcoin Premium Soars to 4% in South Korea’s Market

Montenegrin court delays Do Kwon’s extradition to South Korea

Binance announces the listing of Toncoin (TON) on its platform

Judge Approves $12.7B Repayment Plan for FTX Creditors

Join our free newsletter for daily crypto updates!