SUI Hits Institutional Milestone as First Spot ETFs Go Live

TLDR

Table of Contents

Canary launches SUIS with spot SUI exposure and staking rewards
Grayscale converts SUI trust into GSUI ETF on NYSE Arca
Funds provide regulated access to SUI price and staking yield
SUI ranks 31st by market cap at about 3.7 billion dollars

SUI has entered a new phase of institutional adoption as the first spot exchange-traded funds tied to the token begin trading in the United States. Canary Capital and Grayscale have launched regulated products that offer direct exposure to SUI’s spot price, with one fund also integrating staking rewards. The dual debut expands formal market access and places SUI within the growing landscape of US-listed crypto ETFs.

Spot SUI ETFs Begin Trading in the US

Two spot SUI exchange-traded funds started trading on Wednesday morning. The launches mark a new step for institutional access to the Sui ecosystem.

Canary Capital introduced the Canary Stake SUI ETF under the ticker SUIS. The fund trades on the Nasdaq exchange and tracks the spot price of SUI.

💥BREAKING:
SUI JUST HIT A MASSIVE INSTITUTIONAL MILESTONE
First spot SUI ETFs are LIVE today.
• Canary launches SUIS, direct spot exposure with staking
• Grayscale drops GSUI, another big step for institutional adoption
Regulated ETFs + staking exposure = a whole new level… pic.twitter.com/ZSiMJtFCX2
— Crypto Rover (@cryptorover) February 18, 2026

Grayscale also launched its SUI ETF on the same day. The firm converted its existing SUI trust into an exchange-traded fund. The new product trades under the ticker GSUI on NYSE Arca.

Both products offer direct price exposure rather than futures-based exposure. This structure allows investors to track the underlying token more closely.

Staking Exposure Integrated Into ETF Structure

The Canary Stake SUI ETF includes a staking component. The firm stated that investors can benefit from net staking rewards.

Steven McClurg, CEO of Canary Capital, said the fund brings exposure to SUI in a registered exchange-traded structure. He added that it enables investors to benefit from staking rewards generated through SUI’s proof-of-stake mechanism.

The integration of staking differentiates SUIS from traditional crypto ETFs. It combines price exposure with yield generated from network participation.

SUI operates on a proof-of-stake model. Token holders can stake assets to help secure the network and earn rewards. The ETF structure seeks to pass net staking rewards to investors.

Grayscale Expands Crypto ETF Lineup

Grayscale converted its SUI trust into an ETF to widen access. The move follows several trust-to-ETF conversions by the asset manager.

The GSUI fund now trades on NYSE Arca. This listing provides a regulated route for institutions and retail investors to gain SUI exposure.

Grayscale’s entry adds scale to the SUI ETF market. The firm already manages multiple crypto investment products across major tokens.

The launch follows broader activity in crypto ETFs. Several issuers have introduced products tied to digital assets amid a more supportive regulatory setting.

SUI Ecosystem Gains Institutional Access

SUI is the native token of the Sui Layer 1 blockchain. Mysten Labs primarily developed the network to support smart contracts and digital asset applications.

The token is used to pay transaction fees and power smart contract execution. It also supports staking within the network’s consensus model.

According to market data, SUI ranks 31st by market capitalization. Its market value stands at about 3.7 billion dollars.

Adeniyi Abiodun, co-founder and CPO of Mysten Labs, said the ETF launch marks an important milestone for institutional and retail access. He stated that the structure unlocks exposure for investors who support the technology behind Sui.

The dual ETF debut places SUI among digital assets with regulated spot products in the United States. The listings provide direct access through established exchanges while integrating staking features.