Grayscale Shakes Up Crypto: Launches First-Ever Investment Trusts for SUI’s Core Protocols

Wall Street meets Web3—Grayscale just dropped a bombshell by rolling out the first investment trusts for Sui's foundational protocols. Move over, Bitcoin ETFs—this is institutional-grade exposure to blockchain's next infrastructure play.

Why it matters: The move signals growing institutional appetite for layer-1 ecosystems beyond Ethereum. Sui's high-speed, object-centric architecture just got a heavyweight endorsement.

The fine print: While Grayscale's products open doors for traditional capital, crypto natives might smirk at the irony—Wall Street packaging decentralized protocols into centralized wrappers (with juicy management fees, naturally).

Bottom line: When crypto's old-money gatekeeper bets on new protocols, smart money pays attention—even if the product comes with a 2% expense ratio and a side of Wall Street irony.