- Grayscale Investments and Canary Capital Group listed spot SUI ETFs on Nasdaq and NYSE Arca.
- Both funds offer price exposure plus staking rewards on the Sui network.
- First-day volumes stayed under $150K, trailing prior altcoin ETF launches.
Wall Street gained direct exposure to Sui on Feb. 18, 2026, as two spot SUI exchange-traded funds began trading in the U.S. The launches involved Grayscale Investments and Canary Capital Group, offering regulated access with staking. The products listed on Nasdaq and NYSE Arca, expanding crypto ETFs beyond bitcoin and ethereum.
Two Funds, Two Venues, One Network
According to James Seyffart, the funds marked the first spot SUI ETFs with staking in U.S. markets. Grayscale’s GSUI began trading on NYSE Arca after converting a private trust launched in August 2024.
Meanwhile, Canary’s SUIS debuted on Nasdaq as a registered fund holding and staking SUI tokens. Both ETFs provide exposure to Sui’s proof-of-stake network without requiring investors to manage wallets.
The structure allows funds to earn staking rewards alongside price exposure. Issuers estimate staking yields near 7%, net of fees. This approach differentiates them from earlier crypto ETFs that tracked prices only.
Early Trading Volumes Show Limited Liquidity
However, first-day trading volumes remained modest. By the close, GSUI traded roughly 8,000 shares, while SUIS traded about 1,468 shares. Combined notional volume stayed below $150,000, barely registering on market tapes.
Notably, earlier altcoin ETF launches drew far stronger activity. Solana’s BSOL recorded $55.4 million on debut in October 2025. XRP’s XRPC followed with about $58 million a month later. In contrast, SUI’s launch volumes equaled less than one institutional block trade.
Liquidity Tiers Emerge Among Altcoin ETFs
The disparity highlights a clear liquidity ladder among altcoin ETFs. Higher market-cap assets attract deeper market-making and tighter spreads. Mid-tier products show uneven results, depending on asset familiarity.
For example, Grayscale’s Chainlink ETF generated about $13 million on its first day. Bitwise’s competing Chainlink fund moved roughly $3.2 million. Lower-tier launches saw sharper drop-offs.
Canary’s Litecoin ETF reached about $1 million, while its Hedera ETF posted $8 million. Sui, developed by Mysten Labs, positions itself as a high-throughput layer-one network. The ETF debut adds regulated access, while early volumes reflect current market depth.
