Grayscale has launched two new crypto investment trusts focused on the Sui blockchain and the decentralized AI network Bittensor.

The Grayscale Sui Trust exclusively invests in Sui, the token of the Sui protocol, which is a Layer 1 smart contract blockchain designed for globally scalable decentralized applications.

Meanwhile, the Grayscale Bittensor Trust focuses on TAO, the key token of the Bittensor protocol that supports decentralized AI development.

The new trusts allow institutional investors to access altcoins TAO and SUI with a simplified investment process.

With this launch, Grayscale's total number of crypto products managed by the firm increases to 20.

This introduction follows Grayscale's recent launch of a decentralized AI-focused digital asset trust, which has nearly $1 million in assets under management as of early August.

Despite the launch, both TAO and SUI have faced significant market declines in 2024, with TAO down 57% and SUI down 18%.

The article emphasizes the importance of independent verification of facts and consulting professionals before making investment decisions.

Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed enthusiasm about the new trusts, highlighting their relevance in decentralized AI and smart contract blockchain innovation.

Grayscale plans to list shares of these new investment products on a secondary market, although past experiences in this area have shown mixed results.

These single-asset funds are now open for daily subscriptions to eligible individual and institutional accredited investors.