On February 18, 2026, Canary Capital Group and Grayscale Investments launched the first US-listed spot SUI exchange-traded funds. This gives 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, Canary Capital CEO Steven McClurg said: “The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchange-traded structure, while also allowing 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 deploying rewards in a regulated ETF wrapper. If regulators accept yield-bearing crypto products in traditional structures, it will change 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% and are reflected in each fund’s net asset value (NAV), allowing shareholders to capture both price appreciation and on-chain returns without having to manage the validators themselves.
Grayscale’s GSUI charges an annual sponsorship fee of 0.35%, which is waived for the first three months or until assets reach $1 billion. The fund was launched with 100% of the investments. Canary filed for SUIS in March 2025 and received approval from the SEC, following the precedent set by spot Bitcoin ETFs in 2024 and Ethereum ETFs in 2025.
“The Sui Network represents the evolution of the blockchain utility. It is highly scalable, supported by robust developer operations, 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 this innovation.”
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SUI has had a tough time with other Altcoins
SUI’s price has suffered from broader altcoin declines lately. Even with wagering rewards, one still loses money if the underlying asset falls by 40%.
This move follows a trend of issuers looking for ways to increase value, similar to the discussions surrounding BlackRock and Ethereum staking ETF opportunities. You get the return without the headaches of managing private keys yourself or worrying about technical maintenance.
However, this is about the institutional signal. Just as we saw options trading for Bitcoin ETFs explode, 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 Capital Group and Grayscale Investments launched the first US-listed spot SUI exchange-traded funds.
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