Growing interest in blockchain infrastructure is creating new opportunities for regulated crypto exposure. Grayscale Investments announced on Nov. 20 that Grayscale Sui Trust (GSUI) began trading on OTCQX under the ticker GSUI, opening public-market access to Sui’s Layer 1 network.
“GSUI’s public quotation reflects Grayscale’s effort to offer investors more ways to participate in the growing crypto ecosystem,” stated Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale. The firm views Sui as a high-speed, developer-focused blockchain engineered for streamlined smart-contract deployment. OTCQX is a premier secondary U.S. market operated by OTC Markets Group Inc.
Grayscale’s chief legal officer, Craig Salm, explained on social media platform X: “SUI exposure is now available in your securities brokerage account via ticker $GSUI.” He clarified:
SUI doesn’t yet satisfy the SEC’s new Generic Listing Standards for commodity-based trusts. When it does, we would seek to convert GSUI to an ETP as we’ve done for our other crypto products.
These statements highlight Grayscale’s push to build regulated channels for blockchain assets while preparing for potential eligibility under the U.S. Securities and Exchange Commission (SEC) rules.
Read more: Grayscale Files IPO With SEC for NYSE Listing Targeting Ticker GRAY
The SEC’s generic listing standards for commodity ETPs, like those tracking digital assets, allow for expedited listing if certain conditions are met. These typically require the underlying commodity to either underlie a futures contract traded on a CFTC-regulated market for a significant time, or to trade on a market with robust surveillance-sharing agreements via an Intermarket Surveillance Group membership. Approval can also be granted if a similar product is already listed and meets these standards.
Grayscale Sui Trust, first offered through private placement in August 2024, now reaches a wider investor base via OTCQX. The shift aligns with the company’s strategy to move private vehicles into public markets and eventually exchange-traded formats. The listing underscores rising institutional demand for networks built for throughput and scalable application deployment as tokenized systems expand.
- What does GSUI’s OTCQX listing provide for SUI exposure?
It opens regulated public-market access to Sui’s Layer 1 network via the GSUI ticker. - Why is GSUI not yet an exchange-traded product?
SUI does not currently meet the SEC Generic Listing Standards required for conversion to an ETP. - How does Grayscale describe the value of Sui’s blockchain?
The firm highlights Sui as a high-speed, developer-oriented chain built for efficient smart-contract deployment. - What broader trend does the GSUI listing support?
It aligns with rising institutional demand for scalable blockchain infrastructure and regulated crypto investment channels.
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