Grayscale Investments has launched the Sui Trust, providing qualified investors with secure access to the SUI token. This trust offers institutional-level access, allowing investors to participate in the SUI ecosystem without directly holding the crypto asset.
### Contents
– Access Provided by Sui Trust to Investors
– Developer Activity and Ecosystem Growth
### Access Provided by Sui Trust to Investors
According to a recent statement, the Grayscale Sui Trust is now available for eligible accredited investors. The trust offers a simplified pathway to invest in SUI, a third-generation blockchain focused on scalability and transaction cost efficiency.
As of December 18, 2024, the Grayscale Sui Trust manages assets worth $12.88 million, with a net asset value per share set at $65.52. The trust’s shares are designed to reflect the SUI price after deducting fees and expenses, offering a suitable alternative for investors who prefer not to directly purchase and hold the token.
### Developer Activity and Ecosystem Growth
The SUI network has seen a decline in developer activity. Commit activity fell from 5,300 in May 2023 to 950 in December, and the number of active main developers dropped from a yearly peak of 86 to 44. Nonetheless, the Sui Trust ecosystem is showing positive trends, with stablecoin volume exceeding $377 million and decentralized exchanges like Cetus, Bluefin, and DeepBook reporting strong trading volumes.
The launch of the Grayscale Sui Trust is regarded as a significant step in providing institutional-level access to SUI. Despite the challenges faced, the introduction of the trust may boost interest in the SUI ecosystem and influence SUI price trends.
However, despite the announcement of the Grayscale Sui Trust, the SUI price has decreased by 12% in the last 24 hours, now standing at $4.13. The market capitalization is recorded at $12.09 billion, while trading volume has surged by 108.96%, reaching $3.1 billion.
On another note, Grayscale Investments has expanded its portfolio by capitalizing on the recent drop in Litecoin (LTC) prices. According to CoinGlass data, Grayscale purchased 2,230 LTC on Thursday, bringing its 30-day accumulation to over 41,100. The company’s total Litecoin assets have surpassed $220 million.
The launch of the Grayscale Sui Trust has made SUI more accessible to institutional investors. Positive developments within the ecosystem may support SUI’s long-term price performance, while the decline in developer activity presents certain risks.
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**Disclaimer**:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
