Official announcement from Grayscale or regulatory filings

Grayscale Launches Sui Trust with 17% Surge, Plans First U.S. XRP Trust

Sep 12, 2024, 12:53 PM

Grayscale has officially launched the Sui Trust, providing accredited investors with exposure to the $SUI token. Backed by $916,000 in assets, the Sui blockchain aims to address scalability and transaction costs. Following the announcement, $SUI surged over 17%, reclaiming the $1 level. Additionally, Grayscale is set to launch the first U.S. XRP Trust, which could pave the way for a potential XRP ETF. This new investment vehicle will offer accredited investors direct exposure to XRP, structured as a closed-end fund.