Grayscale adds Sui and Bittensor trusts to its crypto product suite
Summary
Grayscale has launched two new crypto investment trusts for Sui blockchain and Bittensor's decentralized AI network. The trusts will focus on SUI and TAO tokens, providing exposure to cutting-edge crypto assets. This expands Grayscale's total crypto products to 20, with over $7 billion in assets under management. Grayscale also transitioned its Ethereum Trust to an ETF structure, experiencing significant outflows due to high fees. To address this, it introduced lower-cost offerings for Bitcoin and Ethereum.
