SUI’s Big Bet: ETF Launch Could Make or Break Crypto!

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SUI trades near $0.97 ahead of Grayscale’s GSUI ETF launch on NYSE Arca, with weekly gains of 10% and rising open interest.

SUI price is trading near key resistance levels as Grayscale prepares to launch its Sui Staking ETF under the ticker GSUI. It’s like a high-stakes game of Jenga, but with crypto and no safety net.

The token has posted steady weekly gains, and traders are watching whether the ETF debut could drive further price movement. Because nothing says “excitement” like a 10% weekly gain and open interest that’s more active than a toddler at a birthday party.

SUI Records Weekly Gains Ahead of ETF Launch

SUI traded around $0.97 on Wednesday after a modest daily increase of less than 1%. A 1% rise? That’s practically a yawn in crypto land.

Over the past seven days, the token has gained about 10%, reflecting gradual upward momentum. Or as I like to call it, “the slow grind of hope.”

The broader crypto market has also shown signs of recovery. Bitcoin traded above $68,000, while Ethereum hovered near the $2,000 level. Meanwhile, Dogecoin continues to prove that “fun” is a valid investment strategy.

Other major altcoins such as Solana, XRP, and Dogecoin recorded mild gains during the same period. Because nothing says “market stability” like a bunch of tokens all pretending they’re not about to crash.

SUI has remained above the $0.90 support zone in recent sessions. Market participants are monitoring whether sustained trading above $0.98 could support additional upside pressure. Or, as the bears might say, “This is the calm before the storm… or the storm before the crash.”

Grayscale’s GSUI ETF Set for NYSE Arca Trading

Grayscale Investment confirmed that its Sui Staking ETF will begin trading on NYSE Arca under the ticker GSUI. Because who needs regulation when you can just throw a token into a fund and call it a day?

The launch follows an 8-A filing with the US Securities and Exchange Commission, which became effective automatically. Because nothing says “compliance” like a filing that’s as exciting as watching paint dry.

Grayscale Sui Staking ETF (Ticker: ) offers investors direct exposure to . 💧 starts trading tomorrow on Arca.

– Grayscale (@Grayscale)

The ETF is designed to provide regulated exposure to the SUI token. Investors will gain access to SUI price performance and potential staking rewards through a traditional exchange-traded product structure. Or, as the skeptics say, “A fancy way to lose your money.”

The fund carries a management fee of 0.35%, though Grayscale stated that the fee will be waived for the first three months. The waiver remains in place until assets under management reach $1 billion. Because nothing says “generosity” like a 0.35% fee that’s only waived if you’re rich enough to matter.

The launch adds another crypto-linked ETF to US markets. Because we all need more ways to lose money in a regulated environment.

Related Reading: $143M in Short Liquidations Stack Above SUI – What Happens Next? Spoiler: Probably a big “I told you so.”

Technical Indicators and Price Levels in Focus

SUI recently tested resistance near the $1.20 level after stabilizing above $1.00. Analysts are observing whether the token can break above this resistance and approach the $1.50 range. Because nothing says “excitement” like a token teetering on the edge of a cliff.

The Relative Strength Index stands near 52, which suggests moderate bullish momentum without entering overbought territory. Or as I like to call it, “the ‘meh’ level.” Meanwhile, the Moving Average Convergence Divergence indicator shows the short-term line approaching the signal line. Like a shy person finally mustering the courage to ask you out.

Open interest in SUI derivatives rose by 0.82% to about $512.65 million. The increase suggests growing trading activity as the ETF launch approaches. Or, as the bears might say, “More people are betting on a crash than a rally.”

Traders continue to monitor the $0.90 support level, as a break below that area could shift short-term price direction. Because nothing says “chaos” like a support level that’s more fragile than a teacup.

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2026-02-18 21:47