Cryptocurrency

Bittensor

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/grayscale-announces-new-cryptocurrency-investment-funds/" data-wpel-link="internal">Grayscale Announces New Cryptocurrency Investment Funds</a><br></p>
<p style="text-align: justify">Grayscale’s significant role in the <a href="https://en.coin-turk.com/experts-predict-bitcoin-price-recovery/" data-wpel-link="internal">cryptocurrency market</a> is well-known. The company, recognized for providing opportunities to individuals and institutions wanting to invest in cryptocurrencies through its past initiatives, has taken another important step. Known for its substantial influence in both Bitcoin and Ethereum, Grayscale has announced two new cryptocurrency investment funds, drawing significant attention.</p> 
<h2 style="text-align: justify" id="grayscale-s-announcement">Grayscale’s Announcement</h2> 
<p style="text-align: justify">Before ETFs gained strength, Grayscale’s cryptocurrency investment funds were noteworthy. GBTC was the most prominent example, and its transformation into an ETF brought significant price challenges. Despite this, Grayscale’s unique approach helped reduce <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ hesitancy towards cryptocurrencies to some extent.</p> 
<p style="text-align: justify">A significant development occurred recently, revealing that Grayscale has launched investment funds for SUI, which made headlines in 2023’s airdrop frenzy, and TAO, a project known for its price in the <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> sector. Following this development, attention turned to the prices of SUI and TAO.</p> 
<h2 style="text-align: justify" id="tao-and-sui-prices">TAO and SUI Prices</h2> 
<p style="text-align: justify">First, looking at the price of the AI-centric project Bittensor (TAO), it has increased by 5% today, reaching $266.24. This price level also reflects a 15% decrease over the past 7 days.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377782" src="https://coin-turk.com/wp-content/uploads/2024/08/tao-2-coin-turk-com.png" alt="" width="1377" height="77"></p> 
<p style="text-align: justify">Meanwhile, TAO’s market cap has surpassed $1.9 billion following the price increase, ranking it 39th in market cap. However, TAO’s trading volume has decreased despite the price rise. In the last 24 hours, the trading volume dropped by 41.39%, amounting to $75 million.</p> 
<p style="text-align: justify">On the other hand, SUI’s price has increased in the last hour and 24 hours. The price rose by 3.5% and 12.88%, respectively, reaching $0.6453. However, the price change over the past 7 days represents a 10% decrease.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377783" src="https://coin-turk.com/wp-content/uploads/2024/08/sui-1-coin-turk-com.png" alt="" width="1377" height="79"></p> 
<p style="text-align: justify">SUI’s market cap increased to $1.675 billion, while its trading volume was only $192 million, reflecting decreased investor interest.</p> 
<p style="text-align: justify">It remains to be seen how Grayscale’s decision will impact these two cryptocurrency projects and what feedback it will receive from investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/grayscale-announces-new-cryptocurrency-investment-funds/" data-wpel-link="internal">Grayscale Announces New Cryptocurrency Investment Funds</a></h5>
<p>The post <a href="https://en.coin-turk.com/grayscale-announces-new-cryptocurrency-investment-funds/" data-wpel-link="internal">Grayscale Announces New Cryptocurrency Investment Funds</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Grayscale Announces New Cryptocurrency Investment Funds

Table of Contents

COINTURK NEWS

Other articles published on Aug 7, 2024

Making Money during Bearish Market Through Immutable X and the Top Crypto Presale Happening Now

CoinDCX launches $6m customer protection fund following WazirX hack

Bybit Hits Record-Breaking 107 Billion Daily Trading Volume

Hong Kong Police Arrest Four, Including 14-Year-Old, for Counterfeit Crypto Scam

Ethereum Core Developer: Crypto Is Casino

New DOGE Rival Has Sent The Market Into A Frenzy With Its Untouchable 310% Gains

Join our free newsletter for daily crypto updates!