Grayscale Files for Sui ETF as Competition with 21Shares Intensifies
The post Grayscale Files for Sui ETF as Competition with 21Shares Intensifies appeared on BitcoinEthereumNews.com.
The Grayscale Sui Trust represents Grayscale’s latest push into altcoin ETFs, following 21Shares’ launch of a leveraged Sui product on Nasdaq. This spot ETF aims to track SUI’s price directly, offering regulated access to the token amid growing institutional interest in next-generation blockchains like Sui. Grayscale filed an S-1 with the SEC for the Grayscale Sui Trust, a spot ETF providing direct SUI exposure without the need for investors to manage the asset themselves. In contrast, 21Shares’ 2x Long Sui ETF uses derivatives for leveraged daily performance, targeting traders seeking amplified short-term gains. Recent data shows capital rotating from Ethereum ETFs with $75.2 million in outflows to Solana and Ripple inflows of $15.7 million and $10.23 million, respectively, highlighting altcoin momentum. Discover how Grayscale’s Sui ETF filing intensifies competition with 21Shares, signaling the altcoin ETF boom. Stay ahead in crypto investments with insights on SUI’s regulatory path and market shifts. Explore now for expert analysis. What is the Grayscale Sui Trust ETF? The Grayscale Sui Trust is a proposed spot exchange-traded fund (ETF) filed with the U.S. Securities and Exchange Commission (SEC) to offer investors direct exposure to the SUI token from the Sui blockchain. This ETF would track the market performance of SUI, minus fees, providing a regulated vehicle for long-term holders to gain access without the complexities of direct cryptocurrency custody. By extending Grayscale’s single-asset ETF strategy beyond Bitcoin and Ethereum, it aims to capitalize on Sui’s growing ecosystem in decentralized applications and smart contracts. How does the 21Shares Sui ETF differ from Grayscale’s proposal? The 21Shares 2x Long Sui ETF, traded under the ticker TXXS on Nasdaq, operates as a derivatives-based, leveraged product that delivers twice the daily performance of SUI without holding the actual tokens. This structure appeals to active traders by amplifying short-term price movements,…
