Grayscale Updates S-1 Filing for Sui Staking ETF as SUI Trades Near $1.44

TheNewsCryptoОпубліковано о 2026-01-27Востаннє оновлено о 2026-01-27

Анотація

Grayscale Investments has amended its S-1 filing with the SEC for a Sui Staking ETF (ticker: GSUI), seeking to list it on NYSE Arca. The filing details staking mechanics and risks, with BNY Mellon as the administrator and Coinbase as the prime broker and custodian. This move reflects growing institutional crypto ETF interest, following Bitwise's similar SUI fund filings. Concurrently, SUI trades at $1.44 with a $5.44B market cap, as its 24-hour trading volume dropped 33% to $547M. The token faces a major unlock of 43.5M tokens (worth ~$63M) next week, potentially increasing selling pressure, while its derivatives open interest rose 8% to $729.3M.

Grayscale Investments has advanced in launching a Sui Exchange Traded Fund (ETF), amending its S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). As it intends to change the name of the trust to Grayscale Sui Staking ETF, under the ticker GSUI, which aims to be listed and traded on the NYSE Arca exchange.

The updated Grayscale filing provides additional detail on staking mechanics, risk disclosures, and structural elements as the Grayscale firm seeks formal regulatory approval to offer investors exposure to SUI’s price plus potential yield from staking.

Also, the Bank of New York Mellon will serve as the transfer agent and the administrator of the Grayscale Sui Staking ETF. Meanwhile, Coinbase is named as the prime broker, and Coinbase Custody Trust Company as the custodian of the trust.

This Grayscale filing comes as institutional interest in crypto ETFs continues to rise, as Bitwise has already filed for SUI-based funds and is looking for approval for 10 new exchange-traded funds (ETFs), potentially boosting regulatory momentum and investor confidence in the SUI token.

Sui Trades Ahead of Major Token Unlock

SUI is trading at $1.44 currently, with a market cap of around $5.44 billion. With that, market activity has also slowed, with 24-hour trading volume declining by 33%, reaching to $547 million, indicating lower participation. As SUI’s price moved in a limited intraday range of $1.43 to $1.46, indicating persistent consolidation and a lack of a strong directional move, at the time of writing.

Adding to that, as per Tokenomist data, SUI is set to unlock 43.5 million tokens next week, which is worth around $63 million. Where these unlocks frequently come with concerns that could lead to selling pressure if demand cannot absorb the additional tokens.

Meanwhile, derivatives data provides a different outlook, as per Coinglass, open interest increased by almost 8% in the previous 24 hours, hitting $729.3 million at the time of writing.

Highlighted Crypto news today:

Bitwise Launches First On-Chain DeFi Vault Using Morpho for Stablecoin Yield

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Пов'язані питання

QWhat is the name and ticker symbol of the new ETF proposed by Grayscale Investments?

AThe proposed ETF is named Grayscale Sui Staking ETF and will trade under the ticker symbol GSUI.

QWhich financial institutions are involved in the Grayscale Sui Staking ETF as transfer agent, administrator, and custodian?

AThe Bank of New York Mellon will serve as the transfer agent and administrator, while Coinbase Custody Trust Company will act as the custodian.

QAt what price was SUI trading and what was its market capitalization at the time of the article?

ASUI was trading at $1.44 with a market capitalization of approximately $5.44 billion.

QWhat significant token event is scheduled for SUI next week and what is its potential market impact?

ASUI is set to unlock 43.5 million tokens worth approximately $63 million next week, which could create selling pressure if market demand cannot absorb the additional supply.

QHow did SUI's derivatives market data contrast with its spot trading volume according to the article?

AWhile the 24-hour spot trading volume declined by 33% to $547 million, open interest in derivatives increased by almost 8% to $729.3 million, indicating differing market sentiments.

Пов'язані матеріали

The Verdict in Choi Tae-won's Divorce Case: Revealing the Inheritance Undercurrent Behind SK Hynix's Trillion-Won Empire

SK Group Chairman Chey Tae-won's high-profile divorce case, involving a record 1.38 trillion won settlement, has drawn attention to the succession plans for Korea's second-largest conglomerate, especially its crown jewel, SK hynix. Unlike traditional chaebol scripts centered on the eldest son, Chey's three children from his marriage to former President Roh Tae-woo's daughter, Roh Soh-yeong, are carving distinct, non-traditional paths. Eldest daughter Chey Yun-jung (b. 1989) is seen as the most evident successor. With a scientific and consulting background, she holds executive roles at SK bioscience and SK Inc.'s growth support department, focusing on future strategy and biopharma. Her marriage is to an AI infrastructure entrepreneur, not a traditional business alliance. Second daughter Chey Min-jung (b. 1991) took a unique route, voluntarily serving as a South Korean naval officer, including an anti-piracy deployment. She later worked on policy and strategy for SK hynix in Washington D.C. before co-founding an AI-driven healthcare startup. She married a former U.S. Marine Corps officer, connecting her to U.S. defense and policy circles—networks crucial for a global semiconductor giant. The only son, Chey In-geun (b. 1995), who studied physics like his father, worked briefly at SK E&S before joining McKinsey. Despite fitting the traditional "heir" profile as the eldest son, he remains silent and holds no public position or shares in SK, suggesting the old succession playbook is obsolete. As SK hynix's valuation soars, becoming a geopolitical asset in the AI era, the heirs' legitimacy is no longer automatic. They must prove themselves in fields like AI biotech, global policy, and strategic consulting. Their marriages also reflect new elite networks in tech and defense, not old political alliances. Their inheritance is the complex challenge of navigating a globalized, tech-driven world, not just a corporate throne.

marsbit20 год тому

The Verdict in Choi Tae-won's Divorce Case: Revealing the Inheritance Undercurrent Behind SK Hynix's Trillion-Won Empire

marsbit20 год тому

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

The Bank Policy Institute (BPI) has opposed the latest draft of the CLARITY Act, criticizing its provisions on stablecoin yield and illicit finance. The banking industry sought a total ban on stablecoin yield, but the bill's compromise only prohibits passive yield on idle balances. This opposition has influenced lawmakers, reducing tentative Republican Senate support to potentially 49 votes. With the 60-vote threshold needed, securing sufficient Democratic support appears difficult as some pro-crypto Democrats also oppose the bill due to ethics and illicit finance concerns. Senate Majority Leader John Thune expressed doubt the bill can pass before the August recess. Market odds for the bill's passage in 2026 have fallen, leaving its future uncertain.

ambcrypto20 год тому

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

ambcrypto20 год тому

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

Stripe is reportedly in talks to acquire AI model marketplace OpenRouter for a price nearing $10 billion, a dramatic increase from its $1.3 billion valuation just two months prior. The deal, which could be announced within a month, would see the payment giant absorb a key "router" or aggregation layer in the AI infrastructure stack. OpenRouter provides developers with a single API to access over 400 large language models (LLMs), automatically routing queries to the most suitable model based on cost, capability, and speed. This allows AI applications to optimize expenses while maintaining user experience. Founded in 2023 by ex-OpenSea co-founder Alex Atallah and Louis Vichy, OpenRouter has grown rapidly, reaching $50 million in annualized revenue by April and serving over one million developers. For Stripe, the acquisition of OpenRouter follows its late-2025 purchase of usage-based billing platform Metronome. The combined strategy aims to create an integrated suite for the AI economy: OpenRouter would handle model selection and routing, Metronome would manage granular usage-based billing, and Stripe's core platform would process payments. This positions Stripe to control a critical part of the AI application value chain, influencing which models get used while simplifying cost management for enterprise customers.

链捕手20 год тому

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

链捕手20 год тому

From OpenSea to OpenRouter: Is Alex Atallah Repeating His 'Exit at the Peak' Playbook?

From OpenSea to OpenRouter: Is Alex Atallah Repeating His "Exit at the Peak" Playbook? According to the Wall Street Journal, payments giant Stripe is in talks to acquire the AI model aggregation platform OpenRouter in a potential deal valuing the company near $100 billion. This would mark founder Alex Atallah's second creation of a company reaching a $100 billion valuation, following his co-founding of NFT marketplace OpenSea. OpenRouter, founded just over three years ago, has grown rapidly by acting as a unified gateway for developers to access over 400 AI models. It currently has about 10 million users and processes over 200 trillion tokens monthly. While the platform's annualized revenue is around $50 million, its valuation has skyrocketed from $1.3 billion in March 2026. The potential acquisition by Stripe, a company OpenRouter's founder once likened it to, represents a major expansion into AI infrastructure for the payments leader. This move echoes Atallah's previous timing with OpenSea, where he departed before the NFT market's significant downturn. For OpenRouter, selling now may be strategic. Despite its scale, its business model—charging a 5-5.5% fee on AI inference calls—faces pressure from competition, open-source models, and potential price wars among model providers, limiting its profitability narrative for an IPO. A key asset for potential acquirers like Stripe is OpenRouter's vast repository of real-world AI usage data, which offers unique insights into model performance and developer preferences that are difficult to replicate. Whether this potential deal signifies a new valuation benchmark for AI infrastructure or another market peak signal remains to be seen.

链捕手21 год тому

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions

Pons, a key launchpad on Robinhood Chain, has launched its V2 upgrade. The update aims to boost liquidity, remove trading restrictions for most users via an ETH-denominated bonding curve, and introduces support for custom tokenized real-world asset (RWA) trading pairs. This aligns with Robinhood Chain's broader RWA focus. The upgrade also allows creators to collect fees in ETH by default. The network itself is growing rapidly, surpassing $300 million in Total Value Locked. Its cumulative DEX volume has exceeded $9 billion, with about 80% coming from speculative memecoin trading. However, data shows 63% of traders are at a loss, with profits concentrated in a small number of wallets. The introduction of RWAs could help drive more organic adoption for the chain, which is positioning itself as a major player for speculative trading, challenging networks like Base and Solana.

ambcrypto21 год тому

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions