Grayscale Sui Trust is an investment fund investing in Sui, like other Grayscale's trusts.
It has only been a few months and the fund has already secured $11 million in assets under management.
The fund is now open to accredited investors who are high net worth individuals.
Accredited investors are a small percentage of US households with more than $1 million net worth or more than $200,000 in income annually or other specialised knowledge.
Grayscale charges a 2.5% management fee to manage the Sui Trust fund.
Investors have a choice to make between buying the Grayscale Sui Trust or going direct and buying the $SUI token.
For investors who need a licensed product like an IRA or 401(k) plan, Grayscale Sui Trust is the right option.
Investors who prefer control over their investments and get airdrop benefits should get a Sui-compatible wallet and buy the token.
Grayscale Sui Trust's opening to accredited investors is bullish for institutional interest.
It opens up the institutional market and accredited individuals for buying Sui, and is a significant plus for Sui's ecosystem.