The first exchange-traded funds (ETFs) for the SUI cryptocurrency began trading on major U.S. exchanges. The funds from Canary Capital (SUIS) and Grayscale (GSUI) launched on the Nasdaq and New York Stock Exchange, respectively, offering investors exposure to the SUI token and its staking rewards. This debut comes as the price of SUI has fallen sharply since Canary’s initial ETF filing was announced in March, dropping from around $1.98 to approximately $0.95.
The first SUI ETFs started trading as fund issuers Canary Capital and Grayscale made their debuts. The Canary Stake SUI ETF trades on the Nasdaq under the SUIS ticker, while Grayscale converted its trust into a spot ETF under the GSUI ticker on the NYSE.
Grayscale Senior Vice President Krista Lynch stated the fund provides “a convenient way to gain exposure to a network designed for scalable, real-world applications.” Canary CEO Steven McClurg said its ETF allows “investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism.”
The launch follows a filing process that began in March 2025 when SUI traded for $1.98. At the time of writing, SUI is changing hands for approximately $0.95, according to crypto price aggregator CoinGecko.
SUI’s price has dropped nearly 1% in the past day and is down nearly 40% over the last 30 days. This decline aligns with a broader market downturn that has seen global crypto market capitalization fall to $2.4 trillion.
The Sui network, launched in 2023, experienced an outage last month that lasted nearly six hours. This marked the network’s second major period of downtime since its inception.
