Grayscale Investments has launched a new exchange-traded product providing investors exposure to SUI, the native token of the Sui Network. The fund, named Grayscale Sui Staking ETF, trades on NYSE Arca under the ticker GSUI. This passive vehicle aims to track the value of SUI, including staking rewards, once eligibility conditions are met.
The ETF carries an annual management fee of 0.35%, with Grayscale waiving this for the initial three months or until the fund reaches $1 billion in assets under management.
Krista Lynch, Grayscale’s SVP of ETF Capital Markets, highlighted the launch as a significant step in providing exchange-traded access to the Sui ecosystem. "GSUI is structured to provide investors with exposure to SUI and its staking activity through an ETP, offering a convenient way to gain exposure to a network designed for scalable, real-world applications," Lynch stated.
Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, noted that this launch underscores Sui's increasing appeal to institutional players due to its scalable infrastructure and financial backing. "This milestone further cements Sui’s growing role in the institutional adoption of digital assets, as Sui is backed with both the infrastructure required to support real-world applications at scale and the trust of leading financial partners," Abiodun commented.
The Sui network utilizes a delegated proof-of-stake system, where token holders delegate holdings to validators who confirm transactions. Historical yields from this process have been between 1.7% and 1.9% annually after fees.
Grayscale currently manages over 40 investment products across more than 45 digital assets and was the first U.S. company to introduce Bitcoin and Ethereum ETPs.