#GrayscaleSUITrust Gray Scale SUI Trust Introduction For Binance
1. Introduction of Grayscale Sui Trust
Grayscale, a leading digital asset management firm, launched the Grayscale Sui Trust to provide accredited investors exposure to SUI, the native cryptocurrency of the Sui blockchain.
Sui is a third-generation blockchain focusing on scalability and low transaction costs.
2. Net Asset Value (NAV) and AUM
As of December 18, 2024:
Net Asset Value (NAV) per share: $65.52.
Assets Under Management (AUM): Approximately $12.88 million.
3. Pricing Mechanism
The Trust uses the CoinDesk SUI Reference Rate to determine the USD-denominated price of SUI.
This rate aggregates pricing data from various trading platforms, including Binance, to ensure a representative spot price.
4. SUI’s Current Market Performance
SUI price: $4.34 (as of the latest update).
24-hour change: Decreased by 4.83%.
Intraday high: $4.73.
Intraday low: $4.10.
5. Investor Eligibility
The Grayscale Sui Trust is currently available only to accredited investors.
6. Connection to Binance
Binance is one of the platforms contributing real-time data for SUI pricing, which influences the CoinDesk SUI Reference Rate used by Grayscale.
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