The post Grayscale Files S-1 for New SUI ETF After 21Shares’ Successful First Fund Launch appeared on BitcoinEthereumNews.com. Grayscale has moved to file fresh paperwork with U.S. regulators to launch its own SUI ETF. This comes just days after 21Shares debuted the very first Sui-based ETF on Nasdaq. Grayscale Files S-1 as SUI ETF Momentum Builds The asset manager filed a new S-1 registration statement with the SEC. Approval is being sought for the “Grayscale Sui Trust.” This is a proposed SUI ETF designed to give investors direct exposure to the Sui ecosystem through a publicly traded security. The firm is filing to expand its range of ETFs after adding many single-asset products this year. The new product will aim to follow the market performance of SUI minus fees and expenses. It will give investors a regulated way to gain exposure without needing to manage the asset directly. The new filing comes just days after 21Shares launched the first-ever leveraged SUI ETF in the United States. The product was listed on Nasdaq under the ticker TXXS. It provides 2x daily exposure to SUI price movements using derivatives and not by holding the token outright. The fund is also designed for short-term speculative trading. It recorded an opening day close at $24.57 with over 4,700 shares traded. It was also the first U.S.-listed ETF linked to the Sui blockchain. Meanwhile, earlier this year, Canary Funds also pushed to launch its own spot SUI fund. In July, the application officially entered the SEC review phase. This shows that asset managers want to take advantage of the demand from investors in the network. The Grayscale Sui Trust is a new investment option that works like the company’s other products that focus on a single asset. It is one of the first U.S. securities created just for SUI. This trust allows investors to gain exposure to SUI without needing to handle direct… The post Grayscale Files S-1 for New SUI ETF After 21Shares’ Successful First Fund Launch appeared on BitcoinEthereumNews.com. Grayscale has moved to file fresh paperwork with U.S. regulators to launch its own SUI ETF. This comes just days after 21Shares debuted the very first Sui-based ETF on Nasdaq. Grayscale Files S-1 as SUI ETF Momentum Builds The asset manager filed a new S-1 registration statement with the SEC. Approval is being sought for the “Grayscale Sui Trust.” This is a proposed SUI ETF designed to give investors direct exposure to the Sui ecosystem through a publicly traded security. The firm is filing to expand its range of ETFs after adding many single-asset products this year. The new product will aim to follow the market performance of SUI minus fees and expenses. It will give investors a regulated way to gain exposure without needing to manage the asset directly. The new filing comes just days after 21Shares launched the first-ever leveraged SUI ETF in the United States. The product was listed on Nasdaq under the ticker TXXS. It provides 2x daily exposure to SUI price movements using derivatives and not by holding the token outright. The fund is also designed for short-term speculative trading. It recorded an opening day close at $24.57 with over 4,700 shares traded. It was also the first U.S.-listed ETF linked to the Sui blockchain. Meanwhile, earlier this year, Canary Funds also pushed to launch its own spot SUI fund. In July, the application officially entered the SEC review phase. This shows that asset managers want to take advantage of the demand from investors in the network. The Grayscale Sui Trust is a new investment option that works like the company’s other products that focus on a single asset. It is one of the first U.S. securities created just for SUI. This trust allows investors to gain exposure to SUI without needing to handle direct…