Grayscale Launches Sui Blockchain Trusts Boosting Institutional Exposure

Grayscale has unveiled two new single-asset trusts focused on the Sui blockchain, marking its first direct investment vehicles for protocols native to the platform. The Grayscale DeepBook Trust and Grayscale Walrus Trust offer accredited investors exposure to DEEP and WAL tokens, respectively, both of which are foundational components of the Sui ecosystem [1]. DeepBook functions as a decentralized limit order book for DeFi applications, while Walrus provides a scalable and privacy-centric on-chain data infrastructure [2]. These trusts complement Grayscale’s existing SUI token trust, signaling a broader institutional commitment to the Sui network [1].

Mysten Labs co-founder Adeniyi Abiodun described the move as a “seminal moment” for Sui, emphasizing the role of these protocols in advancing blockchain adoption [1]. While the trusts are not yet listed on secondary markets, they allow daily subscription opportunities for qualified investors, which could enhance liquidity and visibility for the Sui ecosystem [2]. This institutional backing may also encourage more developers, users, and investors to engage with the platform, potentially strengthening network activity and token utility [1].

The SUI token is currently trading near $3.70, positioned below the middle Bollinger Band and in a tight consolidation phase on the daily chart. The immediate resistance lies at $4.21, with further targets at $4.50 and $5.00 if bullish momentum continues [2]. On the downside, support is expected near $3.26, and a break below this level could lead to a retest of $3.00 [2]. The token has shown limited volume and strength in recent weeks, suggesting that it has yet to break out of its range-bound pattern [2].

The Grayscale news comes at a time of broader optimism in the crypto market. The U.S. CPI reading of 2.7% has fueled expectations of a rate cut in September, which could drive risk-on sentiment and benefit altcoins, including SUI [2]. Analysts note that the trust launch could act as a catalyst for SUI’s next move, particularly if it leads to increased adoption of the Sui protocols [2]. However, the early stage of these protocols means they remain subject to technical uncertainties and high volatility [2].

CryptoTicker has projected that SUI could reach $4.50 within the coming weeks if network activity and investor interest continue to rise, though this remains speculative [2]. A confirmed breakout above $3.76 would likely attract short-term buyers aiming for $4.20 to $4.50, especially in a favorable market environment [2]. However, the token remains vulnerable to sharp corrections if market sentiment shifts or if the broader crypto sector weakens [2].

In summary, Grayscale’s latest move represents a strategic bet on the Sui ecosystem, with the potential to boost investor confidence and network usage. While the SUI token’s price remains in a critical phase of consolidation, the launch of the trusts could provide the necessary momentum for a breakout, provided that fundamentals continue to strengthen [1][2].

Source:

[1] Grayscale Debuts First Investment Trusts for Sui's Core Protocols. (2025, August 12). CoinDesk. https://www.coindesk.com/

[2] Grayscale’s Latest Move Could Send SUI Price Soaring? (2025, August 3). CryptoTicker. https://cryptoticker.io/en/grayscales-latest-move-could-send-sui-price-soaring/