Institutional Sui exposure has officially arrived. Grayscale’s Sui Staking ETF ($GSUI) begins trading on NYSE Arca today, marking a major milestone for the Layer 1 blockchain. The launch has injected fresh momentum into SUI price, which has climbed 0.79% in 24 hours to $0.978, extending its weekly gain to 10%. The broader market recovery, with Bitcoin holding above $68K and Ethereum near $2,000, provides a supportive backdrop.
Grayscale Sui ETF: The Details
The ETF carries a management fee of 0.35%, but Grayscale is waiving this fee for the first three months or until assets under management reach $1 billion. The structure allows investors to gain regulated exposure to SUI while also earning staking yield—a dual benefit that traditional crypto ETFs haven’t always offered.
This launch follows an auto-effective approval from the SEC after Grayscale filed an 8-A form. It represents the first pure-play Sui investment vehicle available on a major U.S. exchange.
Sui Price Outlook: Can It Reach $1.50?
Technicals suggest room to run. SUI has established support near $1.00 after testing lower levels, and the Relative Strength Index (RSI) sits at 47—healthy bullish momentum without being overbought. The MACD shows a potential bullish crossover forming, with the short-term line approaching the signal line.
Open interest has increased 0.82% to $512.65 million, reflecting growing market participation. The immediate target is a reclaim of the $1.20 resistance; a breakout above that could open the path toward $1.50. Conversely, a drop below $0.90 support would signal bearish reversal.
My Thoughts
The Grayscale Sui ETF is more than just another product launch. It’s a legitimacy signal for a blockchain that has quietly built one of the most performant tech stacks in the industry. The staking component is critical—it transforms SUI from a pure price play into a yield-generating asset accessible via traditional brokerage accounts.
At $0.978, SUI is trading at a fraction of its peak potential. The ETF provides a regulated on-ramp for institutional capital that couldn’t touch SUI previously. Combined with rising open interest and bullish technicals, the setup is compelling.
Will we see $1.50? Possibly. But more importantly, we’re witnessing the institutional maturation of the Sui ecosystem. That’s the real story.
