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5d ago

Grayscale Launches Single-Asset Trusts for Sui’s DeepBook and Walrus

They offer accredited investors private-placement exposure to Sui’s native infrastructure tokens through dedicated single-asset trusts

Grayscale debuts first investment trusts for sui’s core protocols

Overview

  • The Grayscale DeepBook Trust and Grayscale Walrus Trust hold only DEEP for Sui’s decentralized central-limit-order-book and WAL for its privacy-focused on-chain data storage, respectively.
  • Both trusts opened for daily subscription on August 12 as private-placement vehicles available exclusively to accredited investors.
  • Market data showed DEEP surged over 12% to about $0.17 and WAL climbed roughly 7% to $0.43 within 24 hours of the launch.
  • The launches extend Grayscale’s 2025 push into niche, infrastructure-focused crypto products following its recovery and ETF conversions after the 2023 FTX crisis.
  • Rayhaneh Sharif-Askary of Grayscale and Mysten Labs’ Adeniyi Abiodun described the new trusts as milestones for institutional access to core Sui protocols.