Spot SUI ETFs Debut With Yield, but Price Reaction Stays Cool

Grayscale and Canary Capital have rolled out the first U.S.-listed spot ETFs tied to Sui’s $SUI token, adding staking yield to the growing menu of regulated crypto investment products.

Wall Street Gets $SUI Exposure With New Staking-Enabled ETFs

On Feb. 18, 2026, Grayscale Investments and Canary Capital Group launched the first U.S.-listed spot exchange-traded funds tied to Sui’s $SUI token, expanding the crypto ETF field beyond bitcoin and ethereum. The products also integrate staking rewards, offering potential yields of about 7% alongside direct exposure to $SUI’s price.

Grayscale’s Grayscale Sui Staking ETF (GSUI) began trading on NYSE Arca after converting a private Sui trust launched in August 2024. Meanwhile, the Canary Staked $SUI ETF (SUIS) debuted on Nasdaq as a registered fund designed to hold and stake $SUI tokens on behalf of shareholders. Both funds aim to simplify access to Sui’s proof-of- stake network without requiring investors to manage wallets or validators.

Sui, developed by Mysten Labs, is a layer one (L1) blockchain focused on scalability and parallel transaction processing. It has positioned itself as a competitor to networks such as Solana and Ethereum, particularly in decentralized finance (DeFi), gaming and payments. By embedding staking into the ETF wrapper, issuers are betting that yield could differentiate $SUI products from earlier crypto funds that offered price exposure alone.

Early $SUI ETF trading data, however, suggests a cautious start. On Feb. 19, GSUI recorded roughly 16,643 shares in volume, about $220,000 in trading, with assets under management near $21 million. SUIS saw about 1,400 shares traded, or roughly $33,000 in volume. Compared with blockbuster debuts seen in earlier bitcoin ETFs, these figures are quite modest.

$SUI’s market price has also struggled to gain traction. The token traded between roughly $0.93 and $0.98 on Feb. 19, up about 3% to 4% on the day and down more than 36% lower over the past month. The muted reaction reflects broader weakness across altcoins and suggests that ETF approval alone may not reverse existing trends.

Onchain indicators reinforce that view. Sui’s total value locked has fallen sharply in recent months, and futures open interest has declined since early January. Capital outflows and softer trading activity indicate that ETF inflows have yet to counterbalance broader market pressures.

Still, institutional interest in L1 blockchains appears to be building. The launch of spot $SUI ETFs signals that asset managers are willing to push beyond Bitcoin and Ethereum as regulatory pathways clarify. Whether staking yield proves compelling enough to draw sustained inflows remains an open question.

For now, GSUI and SUIS represent another step in crypto’s integration into traditional finance. Investors will likely watch weekly flow reports and network metrics closely to see whether these new vehicles become long-term fixtures or simply another experiment in an increasingly crowded ETF arena.

FAQ ❓

• What are the new $SUI ETFs?They are U.S.-listed spot ETFs from Grayscale and Canary that hold and stake $SUI tokens.
• What yield do the $SUI ETFs offer?Both funds aim to deliver roughly 7% annual staking rewards, net of fees, in addition to price exposure.
• How has $SUI’s price reacted?$SUI traded below $1 after launch, reflecting broader altcoin weakness rather than a strong ETF-driven rally.
• Why do staking ETFs matter?They combine regulated market access with blockchain-based yield, potentially appealing to income-focused investors.