Grayscale Investments has launched the Sui Trust, providing qualified investors with secure access to the SUI token. This trust offers institutional-level access, enabling 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 to eligible accredited investors. The trust provides a simplified pathway for investing 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 instead of directly purchasing and holding the token.
### Developer Activity and Ecosystem Growth
The SUI network has seen a decline in developer activity. Commit activity dropped from 5,300 in May 2023 to 950 in December, and the number of active main developers decreased from a yearly peak of 86 to 44. However, the Sui Trust ecosystem shows 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 considered a significant step in providing institutional-level access to SUI. Despite the challenges faced, the introduction of the trust may generate increased interest in the SUI ecosystem and influence SUI price trends.
Nevertheless, despite the announcement of the Grayscale Sui Trust, the price of SUI has fallen by 12% over the past 24 hours to $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 could 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 are highly volatile and carry inherent risks, and should conduct their own research.
