The post Grayscale Bet on AI & Smart Contracts With New Crypto Trusts appeared on BitcoinEthereumNews.com.

Grayscale Investments has expanded its portfolio with two new offerings: the Grayscale Bittensor Trust and the Grayscale Sui Trust. According to the details from the press release, the newly launched trusts focus on two distinct areas of the blockchain ecosystem. The Bittensor Trust invests in TAO, the native token of Bittensor, a project at the forefront of decentralized AI development. Meanwhile, the Sui Trust centers on SUI, the token of the Sui protocol, which aims to revolutionize smart contract functionality. The New Crypto Products The new trust joins Grayscale’s other suite of crypto products. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, emphasized the strategic importance of these additions. “Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain,” she stated, underscoring Grayscale’s commitment to providing access to innovative sectors within the blockchain space. These new trusts join Grayscale’s growing suite of crypto investment products. This already includes funds focused on major cryptocurrencies like Bitcoin and Ethereum, as well as other altcoins such as Solana, Litecoin, and Chainlink. The launch of these funds comes at a time when institutional interest in cryptocurrency is surging. By offering regulated investment vehicles for these emerging tokens, Grayscale is creating a bridge between traditional finance and the cutting edge of blockchain technology. Also Read: MicroStrategy Chairman Michael Saylor Reveals Huge Personal Bitcoin Stash Source: https://www.cryptonewsz.com/grayscale-bet-ai-smart-contracts-crypto-trusts/

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Filed under: News - @ August 7, 2024 6:20 pm