SUI Enters ETF Arena With SUIS and GSUI Launch

• Canary Capital launches first U.S. spot SUI ETF on Nasdaq.
• SUIS offers regulated exposure plus potential staking rewards.
• Grayscale launched GSUI on NYSE Arca, offering SUI exposure with staking rewards.

Crypto just added a new name to the big leagues. Canary Capital has officially launched the first U.S. spot SUI ETF, trading under the ticker SUIS on Nasdaq. For the first time, everyday investors and major institutions alike can gain regulated exposure to SUI through traditional brokerage accounts, no wallets, no private keys, no direct token custody required.

And this isn’t just another crypto ETF. SUIS is designed not only to track the spot price of SUI, but also to reflect staking rewards in its net asset value when earned. That means investors could potentially benefit from both price appreciation and network participation, a feature that separates it from many earlier crypto funds.

Until now, most U.S. spot crypto ETFs have focused almost entirely on Bitcoin, Solana, XRP, and Ethereum. The arrival of SUIS signals something important: institutional demand is expanding beyond the top two cryptocurrencies.

Sui is built by former Meta engineers who worked on the Diem and Libra projects. The network processes transactions in parallel, allowing for fast and low-cost transfers.

Over the past five months, Sui’s stablecoin transfer volume has exceeded $100 billion per month, showing that real-world payment activity is accelerating. Institutional interest in Sui has already been rising. Over the past year, firms such as 21Shares, Bitwise, Franklin Templeton, VanEck, and Grayscale Investments have launched Sui-linked initiatives. 

Grayscale Joins the Push

On the same day, Grayscale launched the Grayscale Sui Staking ETF (GSUI) on NYSE Arca. Like SUIS, GSUI offers exposure to SUI while seeking to capture staking rewards generated through participation in the network.

However, investors should know that GSUI is structured differently from traditional registered ETFs and carries higher risk and volatility. As with all crypto-linked investments, price swings can be sharp.

The launch of SUIS and GSUI shows that Wall Street is no longer focused only on Bitcoin and Ethereum. Despite the bullish news, over the past 24 hours, SUI is down 3.68% to $0.936, underperforming a slightly weaker broader crypto market. Broader market sentiment is also fragile. The Fear & Greed Index remains in extreme fear territory, and crypto markets have recently faced a wider pullback.

Related: XRP ETF Deadline: SEC to Decide on T. Rowe Price by February 26