Canary lists spot SUI ETF with staking rewards

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Canary lists spot SUI ETF with staking rewards

The Nasdaq-listed SUIS fund offers direct exposure to Sui’s native token while passing through proof-of-stake rewards in a regulated ETF wrapper.

By Jamie Crawley, AI Boost|Edited by Sheldon Reback

Feb 18, 2026, 2:56 p.m.

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Stephen Mackintosh, chief investment officer of Sui Group Holdings, and Evan Cheng, CEO of Mysten Labs at Consensus Hong Kong 2026 (CoinDesk)

What to know:

• Canary Capital debuted SUIS, the first spot sui ETF that includes staking rewards.
• The fund provides direct exposure to sui’s price while reflecting net staking income in its NAV.
• The move expands the roster of proof-of-stake tokens entering regulated ETF structures.

Canary Capital unveiled a U.S.-listed spot SUI$0.9800 exchange-traded fund (ETF) with staking, deepening the crossover between proof-of-stake networks and traditional investment vehicles.

The Canary Staked SUI ETF (SUIS) is designed to track the spot price of sui, the native token of the Sui layer-1 blockchain, while also participating in the network’s proof-of-stake validation process. Net staking rewards are reflected in the fund’s net asset value (NAV), giving investors exposure to both price performance and on-chain yield within a registered ETF structure.

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The token underpins the Sui Network, a blockchain built by former Meta engineers behind the ill-fated Diem digital currency project. The network has positioned itself as a platform for consumer-facing applications, spanning decentralized finance (DeFi), gaming and digital marketplaces.

The listing adds to a growing lineup of crypto ETFs that go beyond bitcoin and ether, reflecting issuers’ efforts to package newer layer-1 networks for institutional and retail investors. By incorporating staking directly into the fund, SUIS also tests regulators’ tolerance for yield-bearing crypto products inside traditional wrappers.

The listing also coincides with Grayscale's Sui Staking ETF (GSUI) listing on NYSE Arca, having previously traded on the OTC Markets' OTCQB.

For investors who want exposure to sui without managing private keys or validator operations, ETFs offer a brokerage-based entry point with staking rewards embedded.

SuiETFsStaking

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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