Canary Capital and Grayscale Launch First Spot SUI ETFs with 7% Staking Yields

Ben Graham · February 19

On 18 February 2026, Canary Capital Group and Grayscale Investments launched the first US-listed spot SUI exchange-traded funds. This will give investors regulated access to Sui Network’s native token and approximately 7% staking rewards.

Both funds hold physical SUI tokens and stake them on Sui Network’s Proof-of-Stake (PoS) validation mechanism. The Canary Staked SUI ETF (NASDAQ: SUIS) and Grayscale Sui Staking ETF (GSUI) on NYSE Arca represent a major expansion of crypto ETF products beyond Bitcoin and Ethereum.

Commenting on the move, Steven McClurg, CEO at Canary Capital said, “The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchanged-traded structure, while also enabling investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism.”

Yesterday, Canary Capital and Grayscale both launched spot SUI ETFs!

The real story is staking rewards inside a regulated ETF wrapper. If regulators accept yield-bearing crypto products in traditional structures, it changes the game for everyone.

The institutional products… https://t.co/hwaeOyzjVr

— Lawrence.sui (@lawrence_tilli) February 19, 2026

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“Sui Network Represents The Evolution Of Blockchain Utility”

Net staking rewards currently yield around 7% are reflected in each fund’s net asset value (NAV), allowing shareholders to capture both price appreciation and on-chain yields without managing validators themselves.

Grayscale’s GSUI charges a 0.35% annual sponsor fee, waived for the first three months or until assets reach $1 billion. The fund launched with 100% of holdings staked. Canary filed for SUIS in March 2025 and received SEC approval, following the precedent set by spot Bitcoin ETFs in 2024 and Ethereum ETFs in 2025.

“The Sui Network represents the evolution of blockchain utility. It’s highly scalable, supported by robust developer activity, and designed for real-world adoption,” said McClurg.

Adding to this, Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, the original contributor to Sui said, “Today marks an important milestone for both institutional and retail access to the Sui ecosystem. Sui was built to serve as the foundation for a new global economy, and this launch unlocks exposure for investors who believe in the technology powering that innovation.”

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SUI Has Been Struggling Along With Other Altcoins

SUI’s price has struggled recently alongside broader altcoin downturns. Even with staking rewards, if the underlying asset drops 40%, one is still losing money.

This move follows a trend where issuers look for ways to boost value, much like the discussions around BlackRock and Ethereum staking ETF possibilities. One gets the yield without the headache of managing private keys or worrying about technical maintenance yourself.

However, the institutional signal is what matters here. Just as we saw options trading explode for Bitcoin ETFs, adding staking to altcoin products adds a new layer of sophistication to the market. This paves the way for other “Solana killers” to potentially follow suit.

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Key Takeaways

Canary filed for SUI ETFs in March 2025 and received SEC approval, following the precedent set by spot Bitcoin ETFs in 2024 and Ethereum ETFs in 2025.

Canary Capital Group and Grayscale Investments launched the first US-listed spot SUI exchange-traded funds.

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