Grayscale Makes SUI More Accessible by Launching GSUI to the Public Market

Grayscale Opens Regulated Public Access to Sui (GSUI)

Interest in blockchain infrastructure keeps growing, especially in networks that are fast and built for Web3 development. On November 20, Grayscale Investments announced that Grayscale Sui Trust (GSUI) is now trading on the OTCQX market under the ticker GSUI. This allows public investors to get regulated exposure to Sui, a Layer-1 blockchain known for high speed and developer-friendly smart contract deployment.

Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, said that listing GSUI in public markets is part of Grayscale’s mission to give investors more ways to participate in the expanding crypto ecosystem.

Craig Salm, Grayscale’s Chief Legal Officer, also explained on X that investors can now get SUI exposure through their securities brokerage account using the ticker GSUI.

However, SUI does not yet meet the SEC’s new Generic Listing Standards for commodity-based trusts. Once it qualifies, Grayscale plans to convert GSUI into an ETP (Exchange-Traded Product), similar to how they’ve upgraded other crypto products.

What are the SEC’s listing standards?
To qualify for an ETF or ETP listing, a crypto asset like SUI must meet certain conditions—such as:

• Having a futures contract traded on a CFTC-regulated exchange, or
• Being traded on a market with strong surveillance-sharing agreements to prevent market manipulation.

GSUI was first offered through private placement in August 2024. Now, by trading on OTCQX, the product is available to a broader range of investors. This move aligns with Grayscale’s strategy to transition private crypto investment products into public markets, and eventually into exchange-traded formats like ETPs.

The listing of GSUI also reflects growing institutional demand for scalable blockchain networks that support smart contracts, tokenization, and high-throughput applications.