Grayscale moves to list SUI ETF shortly after 21Shares US launch
The post Grayscale moves to list SUI ETF shortly after 21Shares US launch appeared on BitcoinEthereumNews.com.
Grayscale has filed registration paperwork with the U.S. regulator to launch its own SUI‑linked exchange-traded fund, coming mere days after 21Shares brought the first U.S.-listed SUI fund online. The proposed fund is set up as a spot ETF, meaning it seeks to track the actual market price of SUI, minus fees and operating expenses. Grayscale’s new filing indicates that the firm remains eager to gain a foothold in the digital-asset ETF market. The firm has been quietly adding single-asset ETFs throughout the year, making itself one of the most active issuers in the crypto-linked exchange-traded products space in recent months. If approved, the Grayscale Sui Trust would enable investors to gain exposure in the Sui blockchain ecosystem in a compliant and secure manner. Investors would not need to purchase or store SUI tokens, nor would they need to take any action to secure them. The filing highlights the growing momentum behind SUI. If approved, the Grayscale Sui Trust would be among the first U.S. securities to hold SUI assets exclusively. Modeled after the firm’s other single-asset products, the trust is designed to provide traditional investors with a regulated and familiar way to access emerging markets, such as cryptocurrency. The premier products in their class are designed to provide investors with access to the U.S. market while substantially mitigating liability associated with tax obligations arising from distributions made throughout the year. 21Shares leads the race with first U.S. SUI-ETF launch Grayscale’s filing comes just days after 21Shares caused a stir with the introduction of the first SUI-based ETP in the United States, which was announced on Tuesday. The product, trading on Nasdaq under the ticker “TXXS,” is a leveraged ETF that seeks to generate 2x daily exposure to changes in the price of SUI. Instead of directly holding SUI, the fund…
Filed under: News - @ December 6, 2025 8:25 am