BRENTWOOD, Tennessee — February 18, 2026
Executive Summary
Canary Capital Group LLC has launched the Canary Staked SUI ETF (NASDAQ: SUIS), marking the introduction of what the firm describes as the first exchange-traded fund offering spot exposure to SUI, the native token of the Layer-1 Sui Network, combined with staking participation. The fund is designed to provide investors with exposure to the spot price of SUI within a registered exchange-traded structure while also seeking to generate additional SUI through participation in the Sui Network’s proof-of-stake validation process. Net in-kind staking rewards are reflected in the fund’s net asset value. The launch extends Canary Capital’s strategy of translating blockchain-native networks into regulated, exchange-traded investment vehicles that integrate protocol-level yield mechanics within traditional brokerage-accessible formats.
Announcement Overview
Canary Capital announced the listing of the Canary Staked SUI ETF under the ticker symbol SUIS on the Nasdaq exchange, positioning the product as a vehicle that combines direct spot price exposure to SUI with the ability to accrue staking rewards generated through the Sui Network’s consensus model. The fund seeks to track the spot price performance of SUI while incorporating staking participation as a mechanism to potentially increase net asset value through additional token generation.
According to the firm, SUIS reflects Canary Capital’s broader investment thesis centered on providing regulated access to emerging blockchain ecosystems. By packaging native token exposure within an exchange-traded fund structure, the firm aims to allow institutional and retail investors to access blockchain-native assets through traditional brokerage accounts, without requiring direct custody of digital assets or direct interaction with decentralized infrastructure.
The ETF’s staking component operates through participation in the Sui Network’s proof-of-stake validation process. The trust is entitled to the SUI generated through staking activities, after deduction of certain related expenses, and such generated SUI is reflected in the fund’s net asset value. The structure is intended to align token-based yield mechanics with ETF accounting conventions.
Key Announcement Details
- Announcement Type: Launch of a registered exchange-traded fund
- Product Name: Canary Staked SUI ETF
- Ticker Symbol: SUIS
- Exchange Listing: Nasdaq
- Sponsor / Issuer: Canary Capital Group LLC
- Fund Objective: Provide exposure to the spot price of SUI while incorporating net staking rewards into the Fund’s net asset value
- Underlying Asset: SUI (native token of the Sui Network)
- Blockchain Protocol: Sui Network (Layer-1 blockchain)
- Consensus Mechanism: Proof-of-Stake (PoS)
- Staking Structure: Delegated staking administered by the Fund’s sponsor through custodians and staking providers
- Validator Operation: The Fund does not operate validator nodes directly
- Reward Treatment: Net in-kind SUI generated through staking reflected in NAV after deduction of staking-related expenses
- Distribution Treatment: Certain staking-generated SUI may be treated as income and held for potential future distribution subject to Prospectus procedures
- Prospectus Availability: https://canaryetfs.com/SUIS/prospectus/
- Regulatory Status: Not registered under the Investment Company Act of 1940; not a registered commodity pool
- Insurance Status: Fund assets, including staked assets, are not protected by FDIC or SIPC insurance
- Risk Considerations Disclosed: Digital asset volatility, liquidity risk, slashing risk, validator performance risk, limited operating history
- Launch Date: February 18, 2026
- Headquarters (Sponsor): Brentwood, Tennessee
- Marketing Agent: Paralel Distributors LLC (unaffiliated with Canary Capital)
- Ecosystem Data Referenced:
- Over $10 billion in 30-day DEX trading volume (as of December 2025)
- Over 1,000 monthly active developers
- Over $200 billion in monthly stablecoin transfer volume
- Strategic Objective: Translate blockchain-native networks into exchange-traded investment vehicles incorporating staking yield
Structure and Investment Objective
The Canary Staked SUI ETF seeks to offer investors spot exposure to SUI through a registered exchange-traded vehicle. Unlike derivative-based digital asset funds, the ETF structure is designed to provide exposure to the underlying token’s spot price performance rather than futures-based price exposure.
In addition to spot exposure, the fund seeks to earn additional SUI through participation in the Sui Network’s proof-of-stake validation framework. Under this structure, SUI tokens held by the trust may be delegated for staking through service providers selected by the sponsor. Any SUI generated as staking rewards, net of certain expenses, increases the net assets of the trust.
The fund itself does not operate validator nodes directly. Instead, staking administration is handled by the sponsor through third-party custodians and staking providers. The staking arrangement is designed to align token accrual with ETF accounting while maintaining operational separation between fund oversight and validator infrastructure.
Steven McClurg, CEO at Canary Capital, stated that the launch of SUIS brings SUI exposure into a registered exchange-traded structure while enabling investors to benefit from net staking rewards generated through the token’s proof-of-stake mechanism.
Translating Blockchain Networks into Exchange-Traded Vehicles
Canary Capital describes its strategy as converting blockchain ecosystems into exchange-traded investment products that combine regulated access with protocol-native features. By integrating staking mechanics into an ETF wrapper, the firm seeks to reflect both the price performance and yield dynamics of proof-of-stake networks within a single publicly traded instrument.
The Sui Network represents an addition to the firm’s digital asset product suite. According to Canary Capital, the network’s performance characteristics, user adoption metrics, and development activity support its inclusion within the ETF framework.
The ETF structure allows investors to access SUI exposure through brokerage platforms without directly managing private keys or interacting with decentralized exchanges. The combination of spot exposure and staking participation is positioned as an integrated approach to digital asset exposure within a traditional financial vehicle.
Overview of the Sui Network
The Sui Network is a Layer-1 blockchain designed to support fast, low-cost digital asset transactions and scalable application deployment. Built to facilitate high throughput and low latency, the network enables developers to construct applications spanning financial tools, digital marketplaces, gaming ecosystems, and advertising technologies.
The protocol was developed by engineers previously associated with Meta’s Libra project. The network architecture emphasizes scalability and execution performance while maintaining decentralization through its proof-of-stake consensus model.
As of December 2025, data referenced by Canary Capital indicates that the Sui Network supports over $10 billion in 30-day decentralized exchange trading volume, more than 1,000 monthly active developers, and in excess of $200 billion in monthly stablecoin transfer volume. These metrics reflect on-chain economic activity and developer engagement within the ecosystem.
Steven McClurg described the Sui Network as representing the evolution of blockchain utility, citing scalability, developer support, and real-world adoption design as contributing characteristics.
Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui, stated that the launch represents an important milestone for institutional and retail access to the Sui ecosystem and that the ETF structure unlocks exposure for investors aligned with the technology’s development.
Staking Mechanics Within the ETF Framework
Staking under proof-of-stake networks allows token holders to participate in transaction validation and consensus operations. In return, validators and delegated participants may receive newly generated tokens as rewards. Within the ETF structure, the trust is entitled to SUI generated through staking, after deduction of staking-related expenses.
Generated SUI increases the net assets of the trust and may be reflected in the fund’s net asset value. Certain staking-generated tokens may be treated as income and held for potential future distribution to shareholders, subject to procedures outlined in the fund’s prospectus.
The staking program is administered by the fund’s sponsor, which utilizes service providers including custodians and staking operators. The fund does not directly operate validator nodes.
The fund documentation notes that staking participation carries operational considerations including potential penalties known as “slashing” events under proof-of-stake protocols. Slashing may occur if validators attest to conflicting transaction histories or remain offline for extended periods. While the sponsor does not expect staking activities to result in slashing penalties, the prospectus outlines the operational structure and associated considerations.
None of the fund’s assets, including staked assets, are subject to deposit insurance protections such as those provided by the Federal Deposit Insurance Corporation or Securities Investor Protection Corporation. The fund is not registered as an investment company under the Investment Company Act of 1940 and is not structured as a registered commodity pool.
Regulatory and Disclosure Framework
The fund’s prospectus outlines its investment objectives, risks, charges, and expenses. Investors are encouraged to review the prospectus carefully before investing. The fund is newly launched and therefore has limited operating history.
Digital assets are characterized as a relatively new asset class subject to rapid market changes. The documentation notes that SUI may experience significant price volatility and that digital asset markets may be influenced by supply-demand dynamics, market developments, and public commentary.
The fund’s structure is designed to provide spot exposure to SUI within a registered exchange-traded format, with staking participation integrated into net asset value calculations.
Paralel Distributors LLC serves as marketing agent and is unaffiliated with Canary Capital.
About Canary Capital
Canary Capital Group LLC is a digital asset investment management firm headquartered in Brentwood, Tennessee. The firm sponsors and manages exchange-traded products designed to provide exposure to blockchain-native digital assets within registered securities market structures.
Canary Capital’s investment model centers on converting blockchain networks and their native tokens into exchange-listed vehicles that trade through traditional brokerage infrastructure. Its product design integrates protocol-level mechanics, including proof-of-stake participation where applicable, into exchange-traded fund structures in a manner that reflects token accrual and network participation within fund net asset value calculations.
The firm’s strategy is focused on providing spot digital asset exposure through registered exchange-traded vehicles rather than derivative-based structures, enabling access to blockchain ecosystems within regulated market frameworks. The launch of the Canary Staked SUI ETF (NASDAQ: SUIS) extends this approach to the Sui Network by combining direct spot exposure to SUI with delegated participation in the network’s proof-of-stake validation process.
Canary Capital operates as the sponsor of its exchange-traded products and administers staking participation through designated custodians and service providers. Through its ETF product suite, the firm positions itself at the intersection of digital asset protocol mechanics and conventional exchange-traded fund architecture.
About Sui
Sui is a Layer-1 blockchain network built to enable scalable, low-latency digital asset transactions and decentralized application deployment. The network operates under a proof-of-stake consensus model and employs a parallel execution architecture intended to support high throughput and transaction efficiency.
Developed by engineers previously associated with Meta’s Libra initiative, Sui is structured to support application environments spanning financial services, digital marketplaces, gaming ecosystems, and digital advertising platforms. The network’s design emphasizes execution performance, scalability, and developer accessibility within a decentralized validation framework.
As of December 2025, the Sui ecosystem reflects more than $10 billion in 30-day decentralized exchange trading volume, over 1,000 monthly active developers contributing to the network, and in excess of $200 billion in monthly stablecoin transfer volume. These metrics indicate transactional activity, developer engagement, and on-chain usage within the Sui Network.
Sui’s proof-of-stake model enables token holders to delegate participation in network validation, generating token-based rewards through protocol-defined mechanisms. The Canary Staked SUI ETF references this validation framework in its staking participation structure.
Media and Investor Contacts
For additional information, visit canary.capital & canaryetfs.com/suis.
Source Attribution
Source: Company announcement