Company: GSUI
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001193125-25-309828
Chunk: 56

Company: Grayscale Sui Trust (SUI)
Filing Date: 2025-12-05
Form: S-1
Chunk 56
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 generally;

fiat currency withdrawal and deposit policies on Digital Asset Trading Platforms;

the liquidity of Digital Asset Markets and any increase or decrease in trading volume on Digital Asset Markets;

investment and trading activities of large investors that invest directly or indirectly in SUI;

a “short squeeze” resulting from speculation on the price of SUI, if aggregate short exposure exceeds the number of Shares available for purchase;

an active derivatives market for SUI or for digital assets generally;

a final determination that SUI is a security or changes in SUI’s status under the federal securities laws;

monetary policies of governments, trade restrictions, currency devaluations and revaluations and regulatory measures or enforcement actions, if any, that restrict the use of SUI as a form of payment or the purchase of SUI on the Digital Asset Markets;

global or regional political, economic or financial conditions, events and situations, such as the novel coronavirus outbreak;

fees associated with processing a SUI transaction and the speed at which transactions are settled on the Sui Network;

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interruptions in service from or closures or failures of major Digital Asset Trading Platforms;

decreased confidence in Digital Asset Trading Platforms due to the largely unregulated nature and lack of transparency surrounding the operations of Digital Asset Trading Platforms;

increased competition from other forms of digital assets or payment services; and

the Trust’s own acquisitions or dispositions of SUI, since there is no limit on the amount of SUI that the Trust may acquire.

In addition, there is no assurance that SUI will maintain its value in the long or intermediate term. In the event that the price of SUI declines, the Sponsor expects the value of the Shares to decline proportionately. The value of SUI as represented by the Index Price or by the Trust’s principal market may also be subject to momentum pricing due to speculation regarding future appreciation in value, leading to greater volatility that could adversely affect the value of the Shares. Momentum pricing typically is associated with growth stocks and other assets whose valuation, as determined by the investing public, accounts for future appreciation in value, if any. The Sponsor believes that momentum pricing of SUI has resulted, and may continue to result, in speculation regarding future appreciation in the value of SUI, inflating and making the Index Price more volatile. As a result, SUI may be more likely to fluctuate in value due to changing investor confidence, which could impact future appreciation or depreciation in the Index Price and could adversely affect the value of the