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Grayscale Launches a New Sui Fund

Twitter icon  •  Published 4 months ago on August 8, 2024  •  Hassan Maishera

The Sui team announced via X on Wednesday that Grayscale has launched a new Sui fund.

Grayscale Launches a New Sui Fund

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.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.