The Canary Staked SUI ETF (SUIS) is an exchange-traded product issued by Canary Capital that seeks to provide exposure to the spot price of SUI, the native token of the Layer-1 Sui Network. As a secondary objective, the fund participates in the Sui Network's proof-of-stake validation process, with net staking rewards reflected in the fund's net asset value. SUIS trades on NASDAQ and launched on February 18, 2026 as the first U.S. spot SUI ETF.

The Sui Network is a Layer-1 blockchain primarily developed by Mysten Labs, founded by former Meta engineers who previously worked on the Diem digital currency project. The network is designed for high-throughput consumer-facing applications spanning decentralized finance, gaming, and digital marketplaces. The fund retains approximately 90% of staking rewards net of fees, with Luganodes serving as the staking provider.

SUIS is not registered under the Investment Company Act of 1940 and carries risks distinct from traditional ETFs. The fund's sponsor fee is 0.75%, with BitGo Trust Company and Gemini Trust Company serving as dual custodians. U.S. Bancorp Fund Services acts as administrator, transfer agent, and cash custodian. SUI is subject to significant price volatility, and staking rewards may fluctuate based on validator performance and network conditions.