SUI dips 6% despite Grayscale, Canary Capital ETFs launch

The crypto market has been bearish over the last 24 hours, with BTC, ETH, and XRP all in the red.  SUI, the native coin of the Sui blockchain, is down 6%, making it the worst performer among the top 30 cryptocurrencies by market cap. It is trading below $1 despite two SUI ETFs launching on Wednesday. Grayscale and Canary Capital launch their SUI ETFs SUI’s bearish performance comes as Grayscale and Canary Capital launched their Sui exchange-traded funds (ETFs) on Wednesday. The Sui Foundation announced on Wednesday that Grayscale’s Sui Staking ETF (GSUI) is now live on NYSE Arca.  https://twitter.com/SuiNetwork/status/2024116179460378845 Thanks to this launch, investors can gain exposure to SUI, including potential staking returns, directly through traditional brokerages, without needing…