Grayscale Investments, the world's largest crypto-focused asset manager, has launched the Grayscale Sui Staking ETF (ticker: GSUI) on NYSE Arca, offering investors regulated exposure to the SUI token with a unique 100% staking model and a zero-fee structure. The launch was confirmed in a company post on X, where Grayscale presented the ETF as a new option for users seeking staking rewards through a traditional investment vehicle.
The GSUI ETF is structured to provide holders with direct staking rewards, with all underlying SUI tokens held by the fund being staked on the Sui network. Grayscale stated this approach is designed to broaden access to staking for traditional investors who may wish to avoid the technical steps required for on-chain participation. A central feature is its 0% management and performance fee model, which the company says is intended to create a low-barrier entry point, especially during the fund's early stages.
Simultaneously, Canary Capital Group launched the Canary Staked SUI ETF (ticker: SUIS) on Nasdaq. This fund also holds spot SUI tokens and stakes a portion or all of its assets on-chain, with staking rewards reflected directly in the fund's net asset value (NAV). The Grayscale fund carries a 0.35% annual sponsor fee, which is waived for the first three months or until assets under management reach $1 billion.
These launches mark a significant expansion of regulated, yield-generating digital asset products in the U.S. market. They come at a time when the Sui token (SUI) is defending a key support zone around $0.90 to $0.93, having fallen approximately 40% over the past month. Market analysts note that the introduction of these ETFs reflects growing institutional interest in newer Layer-1 ecosystems and the broader demand for yield-driven crypto investment products.
