What Grayscale’s new flurry of trusts says about where we’re at

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It’s Grayscale season

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…

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