On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers, Sui’s mainnet went live in May 2023. Grayscale’s SUI Trust currently manages $916,148 in assets, with each share representing 14.959 SUI. Despite this announcement, by 3:30 p.m. on Wednesday, SUI had dipped 1.7% against the U.S. dollar, trading at $0.906 per token.
Grayscale Launches SUI Trust for Accredited Investors
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