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Leading Crypto Company Introduces New Fund for This Altcoin: This Investors Will Use - Coin Bulletin
Grayscale, one of the leading companies in cryptocurrency management, has announced that it has launched a new investment fund, Grayscale Bittensor Trust, for qualified investors.
This fund provides investors with access to TAO tokens through securities.
According to Grayscale's announcement, as of December 17, the net asset value of the Grayscale Bittensor Trust is $10.39 per share, with a total asset under management of $5,178,258.
What are Bittensor and TAO tokens?
Bittensor is a project that aims to combine artificial intelligence (AI) and blockchain technology to provide a decentralized learning network. The TAO token is the native cryptocurrency that supports operations on this network, and the project is garnering increasing interest among investors.
Grayscale's move aims to attract the attention of institutional and individual investors in the crypto market by facilitating access to the TAO token.