Which market listed SUI trust GSUI?
Grayscale Sui Trust (GSUI) is now listed on the OTCQX Best Market.
- It became eligible to trade on OTCQX as of November 21 (UTC), making it easier for U.S. investors to gain exposure to Sui through their brokerage accounts, according to a recent media report.
- OTCQX is an over-the-counter market with specific disclosure and compliance rules, often used by crypto trusts before they list on major exchanges.
- GSUI is not yet an exchange-traded fund (ETF) on a national exchange, but plans are in place to convert it once certain criteria are met, based on the same report.
Deep Dive
1. OTCQX Listing
GSUI is quoted on the OTCQX Best Market, which is the highest tier of OTC Markets in the U.S. This listing provides a regulated way for investors using traditional brokerage accounts to access Sui exposure without needing to hold the actual token, as explained in a recent article about the November 21 listing date OTCQX Best Market.
What this means: If your brokerage supports OTCQX, you can usually search for GSUI and trade it similarly to other OTCQX-listed products.
2. What OTCQX Implies
OTCQX is an over-the-counter marketplace that requires companies to meet eligibility and disclosure standards, but it is not the same as a national securities exchange like the NYSE or Nasdaq. Many crypto trusts start on OTCQX to offer public market access while fulfilling reporting and governance rules, as noted in the report above.
What this means: Trading GSUI may have different liquidity and price spreads compared to ETFs listed on major exchanges. Be sure to check your broker’s fees and trading hours for OTC securities.
3. Not Yet an Exchange-Traded Product
GSUI has not yet been converted into an exchange-traded product on a national exchange. The trust’s sponsor plans to pursue this conversion once the listing requirements for commodity-based trusts are met, according to the same report.
What this means: For now, you can only access GSUI through OTCQX. If it converts to a national exchange listing in the future, trading hours, liquidity, and market access could improve.
Conclusion
GSUI is currently trading on the OTCQX Best Market, offering a way for investors to gain exposure to Sui without directly holding the token. Until it converts to an exchange-traded product, expect trading to follow OTC market patterns. Always confirm availability and details with your broker before trading.