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SUI token price prediction as Grayscale Sui Staking ETF begins trading today

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SUI token price prediction as Grayscale Sui Staking ETF begins trading today - 2

The launch of the new Sui-focused exchange-traded product marks another step in institutional crypto expansion. Asset manager Grayscale Investments will begin trading its Sui Staking ETF today, offering investors regulated exposure to SUI along with staking rewards.

Summary

  • Grayscale Investments launches Sui Staking ETF, converting its Delaware Statutory Trust into a fully exchange-listed product that offers regulated SUI exposure and staking rewards.
  • SUI trades near $0.97, well below its 50-day SMA at $1.39, with the broader trend still showing lower highs and lower lows.
  • Key levels to watch: Resistance at $1.00 and $1.05; support at $0.90 and $0.85, while CMF at -0.02 signals easing but still weak capital inflows.

Grayscale’s Sui staking ETF debuts with institutional backing

This product emerged from Grayscale’s amended SEC filings, where the firm outlined plans to convert its existing Sui Trust into a fully regulated exchange-listed ETF that holds SUI tokens directly and reflects their market value.

The trust was originally formed as a Delaware Statutory Trust and now transitions into an ETF structure while retaining its focus on the Sui ecosystem.

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The ETF is designed to track the price of SUI while also capturing any staking rewards that may be earned through eligible staking activities on the Sui blockchain. The structure aims to reduce the challenges of direct token custody by using institutional custodians and service providers.

Technical signals show weak momentum despite stabilization

Despite the positive headline, SUI’s price action remains cautious. On the daily chart, SUI is trading near $0.97 after a prolonged pullback from early January highs near $1.90. The broader structure shows a clear downtrend, with lower highs and lower lows dominating over the past six weeks.

SUI token price prediction as Grayscale Sui Staking ETF begins trading today - 2
SUI price analysis | Source: Crypto.News

The 50-day simple moving average sits at approximately $1.39 and continues to slope downward. Price remains well below this level, confirming that bearish momentum has not fully reversed.

Any sustained recovery would first need to reclaim the psychological $1.00 level and then break above $1.05, which has acted as short-term resistance during the recent consolidation.

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On the downside, immediate support rests near $0.90. Below that, the early February swing low around $0.85 is the key level to watch. A break under $0.85 would likely open the door to deeper losses.

The Chaikin Money Flow indicator is currently around -0.02. This reflects slightly negative capital flows but shows improvement from the sharp outflows seen earlier this month. The gradual move toward the zero line suggests selling pressure is easing, though not yet replaced by strong accumulation.

If ETF-driven optimism attracts fresh inflows, SUI could attempt a move toward $1.20 in the coming weeks. However, confirmation requires stronger volume and a decisive break above short-term resistance.

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Crypto World

US Senate Leader doesn‘t Expect Market Structure to Pass before April

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US Senate Leader doesn‘t Expect Market Structure to Pass before April

US Senator Majority Leader John Thune reportedly said he doesn’t expect the chamber to move forward with legislation to establish digital asset market structure before April.

According to a Thursday Punchbowl News report, Thune said that the Senate planned to prioritize voting on the SAVE America Act, a bill that would require voters to provide proof of US citizenship in person to register.

The majority leader addressed reporters on Thursday saying that the bill would go to the chamber next week, adding that lawmakers would focus on the crypto market structure bill and other bipartisan bills after the SAVE America Act vote.

“Market structure is a bill that’s, I’m hoping, going to come out of the Banking Committee soon, probably not before, I would say, the April time period,” said Thune, according to Punchbowl.

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The majority leader’s statement was at odds with comments from Ohio Senator Bernie Moreno, who said in February that he hoped market structure would pass through Congress by April. The Senate Agriculture Committee already advanced its version of the bill, but the Senate Banking Committee postponed a January markup necessary to combine the legislation before a floor vote.

Related: Binance says US midterms could boost Bitcoin and stocks

In a separate action, the Senate voted on Thursday to include an amendment in a housing bill, the 21st Century Road to Housing Act, prohibiting the US Federal Reserve from issuing a central bank digital currency, or CBDC. If passed and signed into law, the CBDC ban would remain in effect until December 2030.

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What’s at stake in the market structure bill?

The legislation, called the CLARITY Act when it passed the House of Representatives in July, is expected to give the US Commodity Futures Trading Commission, the financial agency overseeing derivatives and commodities, more authority in overseeing digital assets. However, many lawmakers in the Senate have been at odds with key provisions in the bill, including tokenized equities, ethics, and stablecoin yield.