Grayscale Bets on AI With New Bittensor Trust Launch
- Grayscale introduces Bittensor Trust, giving accredited investors exposure to AI and blockchain without direct asset storage.
- Grayscale expands its portfolio with AI and blockchain investments, including Dogecoin Trust and Decentralized AI Fund.
Grayscale isn’t slowing down—this time, they’re launching the Bittensor Trust, giving accredited investors a fresh opportunity to tap into Bittensor (TAO). It falls right in line with their push to offer more ways to invest in digital assets, especially for high-net-worth investors and big players in the industry.
Exclusive Access: The Catch Behind Bittensor Trust
Attractive to investors seeking portfolio diversity, Bittensor (TAO) is a project combining artificial intelligence (AI) with Blockchain. This trust helps investors to relax about how to store or protect TAO directly.
One drawback is that only accredited investors can access this trust, though. Access to this product is thus remains restricted for regular retail investors. Actually, many are beginning to view trust-based investing as a more steady alternative among the flux of the crypto market.
Grayscale offers eligible accredited investors exposure to Bittensor through the Grayscale Bittensor Trust, which enables investors to gain exposure to $TAO , the token underlying the Bittensor platform.
Learn more and see important disclosures: https://t.co/WIXNCvBw2e pic.twitter.com/5KkR696o3n
— Grayscale (@Grayscale) January 31, 2025
Meanwhile, TAO’s price has taken a hit despite the excitement around this trust. Over the last 24 hours, it dropped 12.56% to $390.08, pushing its market cap below $3.5 billion. This raises the question—will the trust’s introduction actually help the asset in the long run?
Dogecoin’s New Era: From Meme to Market Player
Grayscale isn’t stopping there—it’s now putting Dogecoin on the institutional map with a dedicated trust, as we previously reported . A sign that DOGE is shedding its meme coin label and stepping into serious investment territory. Institutional backing might just give DOGE the credibility it needs to break into mainstream finance.
Interestly, there are other moves in this field besides Grayscale. Bitwise has even registered a Dogecoin ETF with the SEC, should it be authorized, making DOGE more reachable to institutional and individual investors. Imagine, from a meme, DOGE might be developed into a respectable investment product in view of authorities!
Big Bets on AI and Blockchain
Apart from TAO and DOGE, Grayscale is also becoming somewhat serious about initiatives driven by artificial intelligence. Previously, CNF reported they have started the Decentralized AI Fund, a product exposing artificial intelligence-based blockchain initiatives including Render, TAO, and NEAR. This action makes it quite evident that Grayscale regards artificial intelligence as an industry with great prospects.
The issue is that a lot of people still find it unclear how the interaction between blockchain and artificial intelligence could bring actual advantages. Actually, blockchain-powered artificial intelligence can generate a more open and effective data ecosystem—something much needed in the digital age of today.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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