Just-In: Grayscale Launches Two New Crypto Funds Amid Ether ETF Doom

Grayscale has launched a Bittensor Trust and Sui Trust growing its list of crypto investment products. The investment manager noted that this is in line with goals to increase investor demand amid a growing user exposure to crypto assets. Users remain optimistic after previous outflows from Bitcoin and Ethereum-based products. 

Grayscale Announces Bittensor and Sui Trust 

Grayscale rolled out two new crypto products today citing wider market reach among others. In an Aug 7 press release, the firm noted that the Bittensor Trust and Sui Trust will focus on investing in both assets respectively opening up the products for eligible individual and institutional investors. 

Rayheneh Sharif-Askary the head of products highlighted growth and positivity in the launch of both products. “With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to tokens at the cutting edge of the crypto ecosystem’s continued evolution.”

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