Will Grayscale's Sui Staking ETF Trigger a Price Rally?

Will Grayscale's Sui Staking ETF trigger a price rally?

Sui (SUI) is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.

Grayscale’s GSUI ETF Marks Key Milestone: Could This Push SUI to New Highs?

Grayscale Investments amended its S-1 filing to convert the Sui Trust into a spot ETF on Tuesday, February 17, now called GSUI.  This move brings SUI closer to mainstream financial markets, offering institutional investors a seamless way to gain exposure to the token. The transition signifies a key milestone for the cryptocurrency’s adoption on Wall Street. BREAKING 🚨Grayscale Investments just pushed $SUI one step closer to Wall Street.Feb 15,…

SUI Price Stuck at $1— Derivatives Data Reveals Major Breakout Potential

SUI price shows a temporary consolidation trend around $1 floor to recoup its prevailing downtrend for next move. Derivatives data shows approximately $144 million in short positions vulnerable to liquidation near the $1.74 level. According to Coinmarketcap, the overall crypto market shows a slight uptick with its market cap rising 0.34% to $2.36 Trillion. SUI, the native cryptocurrency of the SUI blockchain, is up 2.26% on Monday to currently e…