Canary Launches The First Spot SUI ETF, with Staking (SUIS)

Canary Capital Group LLC (“Canary Capital”), a digital asset investment management firm, today announced the launch of the Canary Staked SUI ETF (NASDAQ: SUIS). The Fund seeks to offer exposure to the spot price of SUI, the native token of the Layer-1 Sui Network. In addition, the Fund also seeks to earn additional SUI through participation in the Sui Network’s Proof-of-Stake (“PoS”) validation process, with net in-kind staking rewards reflected in the Fund’s net asset value.

“The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchanged-traded structure, while also enabling investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism,” said Steven McClurg, CEO at Canary Capital.

Canary’s investment thesis is to provide investors with access to cutting-edge blockchains, and the Sui Network, with healthy user adoption and a wide stack of tooling, is a well-suited addition to the product suite. Investors who believe in the potential of the Sui Network can get direct spot exposure to SUI, with staking, on Nasdaq via SUIS.

Targeted for fast, low-cost transactions, the Sui Network enables builders to create seamless applications for everyday users, from financial and digital marketplaces to gaming and digital advertising tools.

Created by the leading minds behind Meta’s Libra project, the Sui Network is known for its industry-leading performance, speed, and scalability. As of December 2025, the network supports a robust on-chain economy, with over $10 billion in 30-day decentralized exchange (DEX) trading volume (DeFiLlama.com), more than 1,000 monthly active developers (Artemis.xyz), and over $200 billion in monthly stablecoin transfer volume (Artemis.xyz).

“The Sui Network represents the evolution of blockchain utility – it’s highly scalable, supported by robust developer activity, and designed for real-world adoption,” said McClurg.

“Today marks an important milestone for both institutional and retail access to the Sui ecosystem,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, the original contributor to Sui. “Sui was built to serve as the foundation for a new global economy, and this launch unlocks exposure for investors who believe in the technology powering that innovation.”