The Sui team announced via X on Wednesday that Grayscale has launched a new Sui fund. The Grayscale Sui Trust solely focuses on the Sui protocol's SUI token. This comes a few months after Grayscale launched two trusts investing in Near (NEAR) and Stacks (STX).
Grayscale also has trusts related to Solana, Litecoin, Stellar, Zcash, Chainlink, Decentralized, and other crypto investment products.
Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is up by 5% in the last 24 hours and is trading at $0.6379 per coin.