Grayscale submits SUI Trust ETF application to the SEC, eyeing a new public blockchain again

[Chain News] Grayscale has made another move. The crypto asset management giant recently submitted an S-1 registration statement to the U.S. Securities and Exchange Commission, aiming to launch an ETF product for the Sui Trust Fund.

This means that after Bitcoin and Ethereum, Grayscale is extending its reach into more altcoin sectors. As the representative token of a new generation high-performance public chain, if SUI successfully passes approval, it will become another crypto asset gaining access to traditional financial channels.

However, it’s still unclear what stance the SEC will take, as the approval process for altcoin ETFs has always been much stricter than for mainstream coins. Let’s wait and see how the news develops.