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Grayscale Launches SUI Trust with $12.88M AUM
In a recent move, Grayscale has announced the launch of the Grayscale SUI Trust, providing qualified investors with exposure to SUI through securities. This significant development marks another milestone in Grayscale’s efforts to expand its portfolio and offer diverse investment opportunities in the cryptocurrency space.
As per the latest data available, as of December 18th, the trust reported a net asset value of $65.52 per share, with assets under management (AUM) totaling $12.88 million. This fund aims to provide investors with an easy way to tap into SUI’s remarkable growth this year, which has exceeded expectations with a whopping 500% increase.
Industry analysts are also eagerly monitoring the situation to see if this move can help stabilize SUI price fluctuations and potentially mitigate risks associated with investing in this cryptocurrency.
The launch of Grayscale’s SUI Trust serves as another testament to the company’s commitment to innovation and expanding its offerings in the crypto space. By doing so, they are further democratizing access to previously inaccessible investment opportunities for a broader range of investors.
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Source: coinpedia.org
