Overview
- Grayscale’s Sui Staking ETF (GSUI) began trading on NYSE Arca after converting from a Delaware Statutory Trust, and Canary’s Staked SUI ETF (SUIS) launched on Nasdaq.
- Grayscale set a 0.35% management fee for GSUI and is waiving it for the first three months or until the fund reaches $1 billion in assets.
- Both products provide spot exposure to SUI and participate in the network’s delegated proof‑of‑stake, with net staking rewards accruing to fund net asset values.
- Reported historical Sui staking yields of roughly 1.7%–1.9% after fees inform expectations for the income component of these funds.
- SUI traded below $1 with a muted immediate reaction to the launches, as a March unlock of about 43.35 million tokens and recent network outages were flagged as near‑term risks.