It’s Grayscale season: 5 new crypto trusts in 3 months

Grayscale is on a tear.

In the past few months, the OG crypto asset manager has launched five different single-token trusts — near and stacks in May, and bittensor, sui and maker in August.

Bittensor and sui popped after Grayscale announced the trusts earlier this month. TAO ran up to 25% in the following day while SUI almost doubled over the week. Both have since retraced slightly. 

The trusts themselves have so far amassed $655,429 in the case of SUI and $1.55 million for TAO. 

The MakerDAO product, disclosed on Tuesday but launched last Thursday, has otherwise collected $266,904 worth of MKR in private placements to date. MKR itself is up about 7.5% on the news.

The chart below…

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