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Grayscale and Canary list Sui spot ETFs as yield takes center stage

According to Grayscale, new Sui spot ETFs—GSUI on NYSE Arca and SUIS on Nasdaq—track SUI’s price and incorporate staking rewards with historical 1.7%–3.3% yields, underscoring growing yield-focused crypto fund design.

SUI

Summary

On February 18, Grayscale and Canary Capital announced two Sui spot ETFs: GSUI on NYSE Arca and SUIS on Nasdaq. Both track SUI’s spot price and include staking rewards, with historical annual yields of 1.7%–3.3% according to Grayscale.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that holds the underlying asset directly and tracks its real-time market price.
  • Staking rewards: Income earned by locking tokens to help secure a blockchain network, typically expressed as an annualized yield.
  • Sui: A Layer-1 blockchain that serves as the underlying asset for the newly launched ETFs.