Grayscale Introduces New Crypto Funds For TAO & SUI, Triggering Price Responses
Summary
Grayscale Investments has launched two new crypto mutual funds: the Grayscale Bittensor Trust for TAO, supporting the Bittensor Protocol, and the Grayscale Sui Trust for SUI, underpinning the Sui protocol. These are available for daily subscription by eligible individual and institutional accredited investors. Grayscale also intends to seek a secondary market listing for the new products. Following the announcement, SUI token has climbed back to $0.6166, while TAO token rallied to $253 on Wednesday after falling to $164 on Monday.
