Summary
- U.S. digital asset manager Canary Capital said it launched a spot Sui (SUI) ETF that includes a staking feature.
- The product uses SUI tokens as the underlying asset and is structured to incorporate staking rewards into its net asset value (NAV).
- Staking is conducted through a custodian and a staking service provider, and the product is designed to pursue additional returns alongside spot price exposure.
U.S. digital asset manager Canary Capital has launched a spot exchange-traded fund (ETF) for Sui (SUI) that includes a staking feature.
According to Business Wire on the 19th (local time), Canary Capital said it listed the “Canary Staked SUI ETF (SUIS)” on Nasdaq.
The product uses SUI tokens as the underlying asset and is structured to reflect staking rewards—generated by participating in the Sui network’s proof-of-stake (PoS) validation process—in its net asset value (NAV).
Staking is not carried out directly by the ETF, but is conducted through a custodian and a staking service provider.
Steven McClurg, CEO of Canary Capital, said, “The product provides an opportunity to invest in the spot price while seeking additional returns through staking.”
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