Ethereum News Today: Grayscale Launches Sui and Aptos Trusts to Tap Post-Ethereum Blockchain Growth

Grayscale, the leading digital asset manager, has expanded its investment offerings with the launch of two new single-asset trusts targeting the Sui ecosystem: the Grayscale Sui Trust and Grayscale Aptos Trust [1]. These trusts provide direct exposure to the SUI and APT tokens, which serve as the native currencies of the Sui and Aptos blockchain platforms, respectively. Both platforms are engineered for high-performance decentralized applications (dApps), emphasizing scalability and user experience, making them attractive for developers and enterprises [1].

The move into Sui and Aptos represents a strategic shift for Grayscale, offering investors the opportunity to access newer blockchain infrastructures that have emerged post-Ethereum [1]. The Grayscale Sui Trust and Grayscale Aptos Trust are the first institutional-grade investment vehicles to directly link to these tokens, reinforcing Grayscale’s role in bridging traditional finance with the evolving crypto landscape [1].

Beyond the SUI and APT tokens, Grayscale has further extended its reach into Sui’s foundational infrastructure by launching the Grayscale DeepBook Trust and Grayscale Walrus Trust [1]. These trusts provide access to DEEP and WAL tokens, which underpin Sui’s liquidity engine and on-chain data infrastructure, respectively. DeepBook powers Sui’s decentralized exchange protocol, while Walrus supports scalable data storage solutions, offering cross-chain compatibility [1]. By offering exposure to these core components, Grayscale is signaling strong confidence in Sui’s technical architecture and its potential to support enterprise-grade applications and DeFi solutions [1].

The expansion into Sui’s infrastructure coincides with increasing institutional interest in the platform. Swiss banking institution Sygnum recently expanded its SUI-related services, including custody, trading, staking, and collateralized lending [1]. This institutional validation has contributed to a 4% rise in the SUI token price, indicating growing market confidence in the network’s long-term viability [1].

Analysts view Grayscale’s involvement in Sui’s core protocols as a continuation of a broader trend where institutional backing has historically led to increased inflows into blockchain ecosystems [1]. Sui is now being positioned alongside more established Layer-1 networks within Grayscale’s portfolio, enhancing its visibility and appeal to institutional investors. This institutional adoption may lead to greater liquidity and network growth for Sui, further solidifying its position in the competitive blockchain space [1].

SUI has been trading near the $3.75 level after a correction from a local high of $4.44 in early August [1]. The token has found support near $3.3 and is currently testing the 20-day moving average, with a key price target set at $4. A successful breakout above this level could trigger a retest of the $4.44 resistance, potentially signaling a new phase of bullish momentum [1].

Grayscale’s entry into Sui’s ecosystem reflects a broader industry shift toward infrastructure-focused investments in blockchain. As Sui continues to expand its application layer, the inclusion of its foundational protocols in institutional portfolios could catalyze further adoption, liquidity, and network development. These developments underscore the growing maturity of the crypto market and the increasing role of institutional players in shaping the future of digital finance [1].

Source:

[1] Grayscale Targets Core Sui Infrastructure: DEEP and WAL in Cross-Hairs (https://99bitcoins.com/news/presales/sui-price-eyes-upside-as-grayscale-and-sygnum-fuel-institutional-momentum/)