Overview
- Grayscale’s Grayscale Sui Staking ETF (GSUI) began trading on NYSE Arca after a trust conversion, holding SUI and participating in network staking with net rewards reflected in NAV.
- Canary Capital’s Canary Staked SUI ETF (SUIS) listed on Nasdaq to track spot SUI and pass through staking income in the fund’s NAV.
- GSUI operates as an exchange-traded product not registered under the Investment Company Act of 1940, with Bank of New York Mellon as administrator and Coinbase as custodian.
- SUI traded around $0.95 and remained below $1 following the launches, showing a muted market reaction in the context of a broader downtrend.
- Approximately 43.35 million SUI are scheduled to unlock on March 1, 2026, posing a near‑term supply risk for the token underlying both funds.