Grayscale Sui Staking ETF

Grayscale Sui Staking ETF is a U.S.-based exchange-traded trust that holds SUI, the native token of the Sui blockchain, and seeks to provide investors with exposure to that digital asset through listed shares. The trust also participates in staking arrangements, allowing it to earn additional SUI rewards through the Sui network and third-party staking providers.

— Grayscale Sui Staking ETF
%
SUI-backed ETF shares70% Listed trust shares designed to track exposure to SUI held by the trust.
Staking rewards20% Additional SUI earned from staking the trust's holdings through approved providers.
Sponsor and trust fee structure10% Fees and related deductions tied to trust administration and staking arrangements.

The trust is bought by investors who want exchange-traded exposure to SUI without directly holding or managing digital...

  • Authorized Participantsprimary

    Create and redeem shares in exchange for SUI, enabling the trust structure and secondary-market liquidity.

  • Institutional investorsprimary

    Buy listed shares for regulated, exchange-traded exposure to SUI and staking economics.

  • Retail brokerage investorssecondary

    Purchase shares on public markets to gain token exposure without self-custody or wallet management.

  • Liquidity providers and market makerssecondary

    Support trading efficiency and arbitrage between the share price and underlying SUI value.

The trust is organized in the United States and its shares trade in U.S. securities markets...

  • U.S.-based trust structure and U.S. exchange listing
  • Underlying SUI pricing reflects global digital asset markets
  • Staking depends on Sui network conditions, not geography
  • Custody and staking providers may operate across jurisdictions
  • No foreign operations or foreign currency business exposure

The trust's core strategy is to provide listed exposure to SUI while maintaining a structure that can create and redeem...

01
Preserve efficient NAV trackingshort-term

The product depends on share price alignment with underlying SUI value for investor confidence and liquidity.

02
Expand staking participationmedium-term

Staking can increase the trust's SUI holdings and improve product economics for shareholders.

03
Maintain market access and liquidityshort-term

Secondary-market trading and arbitrage are essential to the ETF-like structure.

The trust is exposed to SUI price volatility, which directly affects NAV and shareholder returns...

high

SUI market price volatility

The trust's asset value moves with the market price of SUI, creating direct NAV and return volatility.

Scope
Underlying token holdings
Materiality
high
high

Staking liquidity and operational risk

Staked SUI may be inaccessible during un-staking periods and depends on third-party execution.

Scope
Staked token portion
Materiality
high
medium

Digital asset market and platform risk

Fair value depends on trading platforms, market volume, and price consistency across venues.

Scope
Principal market and index pricing
Materiality
high
medium

Regulatory and legal risk

Crypto products and staking arrangements can be affected by changing securities, commodities, and digital asset rules.

Scope
Product structure and staking activity
Materiality
high
Fair value measurement of SUI
Can materially change reported asset value and unrealized gains/losses
Trade-date accounting for creations and redemptions
Can create short-term balance sheet swings
Staking reward recognition
Affects investment income and token holdings
Fee settlement in SUI
Changes realized gains/losses and reduces holdings

: 16/06/2026