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Ahmed Balaha
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Sui crypto just stepped into the big boys area.
the first SUI ETFs are now live in the US, Canary Capital and Grayscale both launched products today. And they come with staking yield baked in.
Key Takeaways
- Canary Capital’s SUIS is actively trading on the Nasdaq, while Grayscale’s GSUI launched on the NYSE after converting from a trust.
- Both funds offer staking rewards, a first-of-its-kind feature for US spot crypto ETFs that allows investors to capture network yield.
- The listings arrive as SUI trades near $0.95, down roughly 40% over the last 30 days amidst broader altcoin market capitulation.
Why Sui Crypto ETFs With Staking Matter
While spot Bitcoin and Ethereum ETFs have attracted over $140 billion in inflows, they notably lack staking mechanisms due to initial regulatory hurdles.
The new SUI ETFs from Canary and Grayscale actually can stake the tokens. They tap into Sui delegated proof of stake system and earn rewards. That yield can help offset the usual management fees.
For institutions, that is a big deal. They do not just want price exposure. They want income too.
Demand for smarter products is rising rapidly. However, the SUI chain itself has been in decline over the past couple of months. We’re now in mid-January, and DEX volume is at $3B. It may outperform this January, but it is still lower than last year’s numbers.
Breaking Down the ETF Structure
Canary Capital’s ETF is live on Nasdaq under SUIS. It sits under the 1940 Act, which means tighter oversight.
That usually attracts the more cautious money. CEO Steven McClurg made it clear. Investors get direct access to net staking rewards.
At the same time, Grayscale flipped its old Sui trust into an ETF called GSUI on the NYSE. The fee is 0.35%, waived for the first three months or until assets hit $1B.
And here is the kicker. 100% of the tokens were staked at launch. Classic Grayscale move. Turn legacy trusts into spot ETFs and scale fast.
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