SUI price strongly recovered from $0.46 to $0.83 this week, registering an 80.5% rally. This sudden bullish turnaround can be attributed to the mid-week rebound in the crypto market and Grayscale’s launch of a new SUI Trust fund. Will this recovery be sustained?
Grayscale Launches Sui and Bittensor Investment Trusts
On Wednesday, August 7th, Grayscale Investment announced the public launch of two new crypto investment trusts: Grayscale Sui Trust and Grayscale Bittensor Trust. These trusts are part of Grayscale’s efforts to provide investors access to innovative tokens within the rapidly evolving crypto ecosystem.
“We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary.
Tweet From Grayscale’s official X page
The Sui Trust, an investment vehicle solely dedicated to
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