GSUINYSECommodity Contracts Brokers & DealersUS GAAP · USD

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.

Nettotulos−8,8milj. USD

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2025–2025

01milj. USD2025
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
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.

Asiakkaat

The trust is bought by investors who want exchange-traded exposure to SUI without directly holding or managing digital tokens. Its shares are created and redeemed by authorized participants, while the economic exposure ultimately serves institutional and retail market participants accessing the product through brokerage and exchange channels.

Authorized Participants

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

Institutional investors

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

Retail brokerage investors

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

Liquidity providers and market makers

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

Strategia

The trust's core strategy is to provide listed exposure to SUI while maintaining a structure that can create and redeem shares efficiently through authorized participants. It also seeks to enhance token holdings through staking, which adds a yield component but introduces operational and liquidity considerations tied to the Sui protocol and third-party providers.

Preserve efficient NAV trackingLyhyt aikaväli

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

Expand staking participationKeskipitkä aikaväli

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

Maintain market access and liquidityLyhyt aikaväli

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

Maantiede

The trust is organized in the United States and its shares trade in U.S. securities markets. Its underlying asset exposure is global because SUI prices are formed across digital asset trading platforms and staking activity depends on the Sui network rather than a single country.

Riskit

The trust is exposed to SUI price volatility, which directly affects NAV and shareholder returns. It also faces operational risks from staking, custody, and reliance on third-party digital asset trading platforms, along with regulatory and market-structure risks common to crypto-linked investment products.

Järjestetty vakavuuden mukaan
SUI market price volatilityKorkea

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

Kohdistuu: Underlying token holdings

Staking liquidity and operational riskKorkea

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

Kohdistuu: Staked token portion

Digital asset market and platform riskKeskitaso

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

Kohdistuu: Principal market and index pricing

Regulatory and legal riskKeskitaso

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

Kohdistuu: Product structure and staking activity

Kirjanpito

Harkinnanvaraiset erät
Fair value measurement of SUI

NAV and reported investment results depend on the chosen principal market and index price for SUI.

Vaikutus: Can materially change reported asset value and unrealized gains/losses

Trade-date accounting for creations and redemptions

Share issuance and redemption activity affects receivables, payables, and token balances before settlement.

Vaikutus: Can create short-term balance sheet swings

Staking reward recognition

Staking consideration is earned at variable rates and may be distributed or retained in SUI.

Vaikutus: Affects investment income and token holdings

Fee settlement in SUI

Sponsor and staking fees can be paid by transferring SUI rather than cash.

Vaikutus: Changes realized gains/losses and reduces holdings

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 16.6.2026