Grayscale’s Sui Staking (locking crypto to earn rewards) ETF Starts Trading on NYSE Arca Tomorrow

Grayscale’s Sui Staking (locking crypto to earn rewards) ETF Starts Trading on NYSE Arca Tomorrow

Grayscale and Canary Capital unveil spot SUI ETFs with integrated staking yields, listed on Nasdaq and NYSE Arca to broaden regulated access to blockchain-native returns.

SUI

Fact Check
Multiple independent and relevant sources, including Binance Square, KuCoin, RootData, and Cointelegraph's X post, consistently report that Grayscale's Sui Staking ETF ($GSUI) will begin trading on NYSE Arca the day after their announcement. These outlets cite Grayscale's own communication on X, which further strengthens the credibility since the original statement appears to originate from Grayscale directly. The MEXC report confirms that trading began on February 19, 2025, fitting the 'tomorrow' timeline given an announcement on February 18, thus providing concrete date correlation. The reporting is consistent across crypto-focused financial news platforms and matches the timeline asserted in the statement. There are no credible sources contradicting the claim, and while DTCC and Yahoo Finance listings might provide additional verification, the high volume of consistent date-specific reports from multiple credible sources makes the statement highly likely to be true. The small uncertainty remains due to reliance on secondary reporting rather than direct regulatory filings, but overall evidence strongly supports the statement.
Summary

Grayscale and Canary Capital announced the launch of two spot SUI ETFs on February 18, GSUI on NYSE Arca and SUIS on Nasdaq. Both funds provide exposure to SUI's spot price and incorporate staking rewards, with historical annual yields of 1.7%–3.3%, according to Grayscale. GSUI evolved from the conversion of Grayscale’s SUI Trust, combining spot holdings with active on-chain staking. SUIS mirrors this model on Nasdaq. The products aim to expand regulated access to blockchain-based yield opportunities.

Terms & Concepts
  • Staking: Locking cryptocurrency to support network operations and earn rewards; common in proof-of-stake systems.
  • Proof-of-Stake: A consensus mechanism where validators are chosen to create new blocks based on the amount of cryptocurrency they stake.
  • ETF: An exchange-traded fund, a type of investment vehicle that trades on stock exchanges and holds assets such as stocks or cryptocurrencies.