Canary Capital’s introduction of the Canary Staked SUI ETF provides investors with regulated exposure to the Sui Network’s staking rewards
Canary Capital on Wednesday, Feb. 18, officially launched the Canary Staked SUI ETF (NASDAQ: SUIS).
The exchange-traded fund seeks to track the spot price of SUI while participating in the Sui Network’s proof-of-stake protocol, with net in-kind staking rewards reflected in the fund’s NAV, according to a blog post.
“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.
The new product aims to provide both institutional and retail investors with access to the Sui ecosystem. It also reflects a growing interest in regulated crypto investment vehicles, offering transparency and compliance with existing financial regulations.
The move is expected to attract a broader range of investors seeking diversified exposure to digital assets.
The product launch comes as Sui Network has recorded growth recently, recording over $10 billion in 30-day decentralized exchange (DEX) trading volume, 1,000 monthly active developers, and more than $200 billion in monthly stablecoin transfer volume, according to DeFiLlama and Artemis data.
This article was generated with the assistance of AI workflows.