Canary Staked SUIS ETF Shares of Beneficial Interest
SUIS
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael Venuto
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 7th Floor, 1100 Marina Village Parkway Alameda CA United States of America 94501
- IPO Date
- Dec 12, 2024
- CIK
- 0002060703
- Website
- canaryetfs.com
- Similar Companies
- Business
- Canary Staked SUIS ETF Shares of Beneficial Interest (NASDAQ: SUIS) is an exchange-traded fund that provides investors with direct exposure to the spot price of SUI, the native token of the Sui Network, a Layer-1 blockchain designed for fast, secure, and scalable digital asset ownership and applications; it also participates in the Sui Network's Proof-of-Stake validation process to generate net in-kind staking rewards, which are reflected in the fund's net asset value after deduction of staking-related expenses, benefiting shareholders. The fund holds physical SUI tokens in secure, institutional-grade custody, with staking rewards accruing to increase net assets, and shares trade on the Nasdaq exchange. SUIS targets institutional and retail investors seeking access to the Sui ecosystem, including its high-throughput capabilities for decentralized finance, gaming, digital marketplaces, and real-world asset applications, amid the network's robust metrics such as over $10 billion in 30-day DEX volume and $200 billion in monthly stablecoin transfers as of December 2025. Sponsored and managed by Canary Capital Group LLC, a digital asset-focused investment firm based in Brentwood, Tennessee, SUIS represents the latest addition to Canary's suite of spot crypto ETFs, which includes products offering exposure to XRP (XRPC), HBAR (HBR), Litecoin (LTCC), Marinade Solana (SOLC), and others listed on Nasdaq. In a major recent development, Canary Capital launched SUIS on February 18, 2026, marking it as the first spot SUI ETF with staking in the U.S., following SEC approval and amendments to its S-1 filing, including a shift to Nasdaq listing, a 0.75% management fee, and seed capital investment from Mysten Labs, the Sui Network's primary developer, which purchased 200,000 shares in-kind at $25 per share as statutory underwriter. This launch builds on Canary's accelerated ETF expansions in 2025, including SEC approvals for Litecoin and Hedera ETFs in October, the record-setting debut of XRPC in November with $59 million first-day volume and $250 million AUM, and prior partnerships such as with Crypto.com for a CRO investment trust. The fund operates without the regulatory requirements of traditional ETFs under the Investment Company Act of 1940, emphasizing risks including SUI's price volatility, staking losses, fraud susceptibility, and lack of liquidity protections.