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The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.
Since August 9, Bittensor's (TAO) price has experienced a steady daily decline. This downward trend contrasts sharply with the altcoin's performance from August 5 to 8, when prices were rising.
Although the artificial intelligence (AI) hype seems to be slowing down, cryptocurrencies specializing in this field are still exceptionally popular, as reflected in their price performance and market capitalization, which, for some of them, already amounts to billions.
Popular analyst Michaël van de Poppe shares a list of altcoins that could bounce off more strongly after the last dip. This comes as crypto markets reel from the recent correction that saw Bitcoin (BTC) test the depths of $49,000.
After going all-in on altcoins three months ago, professional crypto trader Michaël van de Poppe has shaken up his altcoin portfolio, adding cryptocurrencies he considers will offer solid returns on investment (ROI) following the recent crash.
Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.
With the rising price volatility, the cryptocurrency market has displayed a strong bullish recovery with top tokens successfully retesting their respective support levels. Further, the market leader, Bitcoin price trades above the $61K mark with a 24-hour high of $61,381.
TAO, the utility token of the decentralized network Bittensor, is among the top gainers in the market today. The altcoin, which was trading as low as $181.79 on August 5, has surged to $316.93 at press time.
Are AI Coins making a comeback? Bittensor, an AI-based cryptocurrency, has turned bullish as the TAO price pushes an upward move.
Here's a look at how SUI and TAO responded to Grayscale's product listing.
Grayscale Investments, one of the world's largest crypto asset managers and exchange-traded fund (ETF) issuers has unveiled its latest offerings. On Wednesday, the company announced the launch of two new crypto mutual funds: the Grayscale Bittensor Trust and the Grayscale Sui Trust.
On a euphoric day in crypto markets, where most major coins posted big gains amid fading US recession, JPY currency and geopolitic risks, traders hunting for top crypto performers today were combing through the altcoin markets.
The two Trusts hold exclusively the cryptocurrencies with the same name.
The newly-launched trusts are available to eligible individual and institutional accredited investors.
A look at Trump's sons' "huge" DeFi announcement, Grayscale's two new crypto trusts, DePIN project Andrena raises $18 million and more.
Crypto giant Grayscale is launching new trusts for machine learning marketplace Bittensor (TAO) and smart contract platform Sui Network (SUI). In a new press release, the world's largest crypto asset manager says it's launching the new products due to growing consumer demand for diversification.
World's largest crypto asset manager, Grayscale, has announced the launch of two more crypto products. They are already offering over 20 crypto investment funds including Bitcoin, Bitcoin Cash, Ethereum etc. They now have announced the launch of crypto investment funds for Sui and TAO. Let's explore what they plan with these new investment trusts.
Grayscale has introduced two new crypto investment trusts, focusing on the Sui blockchain and the decentralized AI network Bittensor, according to an Aug. 7 statement. The Grayscale Bittensor Trust will invest in Bittensor's native TAO token, while the Grayscale Sui Trust will focus exclusively on Sui's SUI token.
Grayscale Investments has launched two new crypto investment trusts offering exposure to Bittensor and Sui. The funds are the Grayscale Bittensor (TAO) Trust and the Grayscale Sui (SUI) Trust, and will invest in the two blockchain protocol's native tokens.
TL;DR Grayscale Investments introduces two new trusts: Grayscale® Bittensor Trust and Grayscale® Sui Trust. Trusts respond to the growing demand for diversified investment options in cryptocurrencies. The Grayscale® Bittensor Trust invests in Bittensor's TAO token, while the Grayscale® Sui Trust focuses on the Sui protocol's SUI token.
Grayscale's new crypto trusts for Sui and Bittensor highlight the increasing investor appetite for diversified and innovative digital asset exposure. The post Grayscale rolls out trust products for Sui and Bittensor appeared first on Crypto Briefing.
These new offerings expand Grayscale's portfolio, which already includes over 20 crypto investment products. The Grayscale Bittensor Trust is focused exclusively on TAO, the native token of the Bittensor protocol.
Grayscale introduced the Grayscale Bittensor Trust and Grayscale Sui Trust, focusing on the Bittensor Protocol's TAO token and the Sui protocol's SUI token, respectively.
Grayscale has added the Bittensor protocol and the Sui network to its list of crypto investment products.
