Litecoin

Bluefin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/grayscale-launches-sui-trust-for-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">Grayscale Launches Sui Trust for Investors</a><br></p>
<p style="text-align: justify">Grayscale Investments has introduced the Sui Trust, offering accredited investors a secure method to engage with the SUI <a href="https://en.bitcoinhaber.net/investors-big-win-with-meme-coin-investment-in-solana-ecosystem" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>. This new trust facilitates institutional access, enabling participation in the SUI ecosystem without the necessity of directly owning the cryptocurrency.</p>
<h2 id="what-does-the-sui-trust-offer-investors">What Does the Sui Trust Offer Investors?</h2>
<p style="text-align: justify">The Grayscale Sui Trust is now accessible to qualified investors, simplifying the investment process in SUI, a blockchain designed for enhanced scalability and cost efficiency. As of December 18, 2024, the trust oversees assets valued at approximately $12.88 million. Each share of the trust is priced at $65.52, reflecting SUI’s market value after accounting for fees, making it an attractive option for investors who prefer not to acquire the token directly.</p>
<h2 id="is-developer-engagement-dropping-in-the-sui-ecosystem">Is Developer Engagement Dropping in the SUI Ecosystem?</h2>
<p style="text-align: justify">Yes, the SUI network has reported a notable dip in developer engagement, with commit activity plummeting from 5,300 in May to just 950 by December. Active main developers decreased from a peak of 86 to 44, indicating potential challenges ahead. Despite this, the Sui Trust ecosystem remains robust, with stablecoin transactions exceeding $377 million and decentralized exchanges like Cetus and Bluefin reporting significant trading activities.</p>
<ul>
 <li>The Sui Trust enhances institutional access to the SUI token.</li>
 <li>Current assets managed by the trust total $12.88 million.</li>
 <li>SUI price has declined by 12% within 24 hours, now at $4.13.</li>
 <li>Grayscale recently expanded its Litecoin holdings significantly.</li>
</ul>
<p style="text-align: justify">The launch of the Grayscale Sui Trust aims to foster interest in the SUI ecosystem, potentially influencing price dynamics. While the trust provides a new pathway for institutional investment, the decline in developer activity raises concerns about ongoing growth and sustainability in the SUI landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/grayscale-launches-sui-trust-for-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">Grayscale Launches Sui Trust for Investors</a></h5>

Grayscale Launches Sui Trust for Investors

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