Grayscale Launches GSUI Sui Staking ETF on NYSE Arca

Updated on: February 18, 2026

Grayscale has launched GSUI on NYSE Arca, giving investors exposure to SUI plus staking rewards through a regulated exchange traded product.

Quick Summary – TLDR:

Grayscale Sui Staking ETF GSUI is now trading on NYSE Arca, offering exposure to SUI without investors holding tokens directly.
The fund is designed to reflect staking rewards in its net asset value, alongside any moves in SUI price.
Grayscale says the product is an exchange traded product and is not registered under the Investment Company Act of 1940, which it warns can mean higher risk and volatility.
A separate report also says Canary Capital launched a spot SUI staking ETF on Nasdaq under the ticker SUIS, showing growing interest in Sui based products.

What Happened?

Grayscale announced that its Sui staking product GSUI has begun trading on NYSE Arca, giving investors exposure to SUI and potential staking rewards through a familiar brokerage format. Another report says Canary Capital also launched a spot SUI staking ETF around the same time, highlighting broader momentum for Sui themed exchange traded products.

GSUI is live on NYSE Arca.

The @Grayscale Sui Staking ETF gives investors direct SUI exposure plus staking rewards through a regulated, exchange-traded product.

Institutional momentum around Sui keeps building. pic.twitter.com/hD8ctFuZXz
— Sui (@SuiNetwork) February 18, 2026

The Big Picture: Sui Exposure Moves Closer to Traditional Markets

Grayscale is positioning GSUI as a bridge between crypto native yields and traditional market access. Instead of buying SUI and setting up a wallet, investors can get exposure through an exchange listed product that aims to capture both:

Token price performance
Staking rewards generated by participating in the Sui network

Grayscale emphasizes that GSUI is structured as an exchange traded product and that it is not registered under the Investment Company Act of 1940, meaning it does not carry the same regulatory framework as typical registered ETFs and mutual funds. The company also stresses that this is not the same as directly owning SUI.

How GSUI Plans to Deliver Staking Rewards?

The core feature is staking. The Sui network uses a delegated proof of stake model where tokens can be delegated to validators that help confirm transactions and support network security.

Grayscale says staking rewards, after fees and expenses, may be reflected in the fund’s net asset value, giving investors a potential return stream beyond price appreciation. Based on the figures shared in the provided coverage, historical staking yields on Sui have ranged around 1.7% to 1.9% annually after fees.

This approach matters because it brings a crypto native mechanic into a format that many traditional investors already understand.

What Grayscale and Sui Leaders Are Saying?

Grayscale framed the listing as a milestone for exchange traded access to the Sui ecosystem.

Krista Lynch, Senior Vice President, ETF Capital Markets, at Grayscale said:

“

GSUI’s launch on NYSE Arca marks an important milestone in expanding the range of exchange-traded products tied to the Sui ecosystem, including exposure to potential staking rewards. GSUI is structured to provide investors with exposure to SUI and its staking activity through an ETP, offering a convenient way to gain exposure to a network designed for scalable, real-world applications, and the next generation of digital experiences.

From the Sui side, Mysten Labs highlighted the institutional signal that comes with mainstream market wrappers.

Adeniyi Abiodun, Chief Product Officer and Co-Founder at Mysten Labs, the original contributors to Sui said:

“

This milestone further cements Sui’s growing role in the institutional adoption of digital assets, as Sui is backed with both the infrastructure required to support real-world applications at scale and the trust of leading financial partners. GSUI provides traditional investors with a streamlined way to access the SUI token and participate in its network activity through a familiar exchange-traded structure.

Fees, Partners, and Trading Support

According to the provided details, GSUI charges a 0.35% annual management fee, with a waiver for the first three months or until the fund reaches $1 billion in assets under management.

The product is also backed by major names in market infrastructure:

Bank of New York Mellon for administration.
Coinbase as custodian.
Expected liquidity support from market makers including Jane Street and Virtu.

Those names matter because they help signal institutional readiness and may support smoother trading for investors using the public markets.

Canary Capital Also Joins the Sui ETF Push

A separate report cited PANews saying Canary Capital launched the Canary Stake SUI ETF on Nasdaq under ticker SUIS. That report says SUIS tracks the spot price of SUI and provides net staking returns through Sui’s proof of stake mechanism.

The same report also says Grayscale converted its SUI Trust into an ETF listed on NYSE Arca under ticker GSUI. Grayscale’s own descriptions in the provided material repeatedly call GSUI an exchange traded product and highlight that it is not registered under the 1940 Act, so readers should treat the precise labeling across reports carefully and focus on the consistent takeaway: listed market exposure to SUI with staking designed into the product structure.

SQ Magazine Takeaway

I see this as a real step toward making staking feel normal to everyday investors, not just crypto natives who live inside wallets and validator dashboards. GSUI is basically pitching a simple idea: let people get SUI exposure and a taste of staking rewards without forcing them to handle tokens directly. That convenience is powerful, and it is exactly how crypto keeps sneaking into mainstream finance. Still, I would not ignore the risk warnings. If a product is openly saying it can be more volatile and is not under the same protections as standard registered funds, I take that seriously and I think readers should too.