just saw that Canary Capital launched a spot SUI ETF called SUIS that actually includes staking rewards built into the NAV. so basically you get exposure to sui's price AND the on-chain yield without having to run a validator or deal with private keys yourself. pretty interesting move tbh



this whole trend of staked crypto products getting wrapped into traditional ETF structures is wild. like we're seeing more layer-1 networks beyond just bitcoin and ethereum getting these regulated fund vehicles now. SUIS is apparently the first spot sui ETF with staking baked in, and it just launched as grayscale also listed their sui staking ETF on NYSE Arca

the real question is whether regulators are cool with yield-bearing crypto products inside traditional wrappers. feels like we're testing that tolerance right now. sui's at $0.93 currently, built by some former meta engineers. if this ETF structure works, you'd think we'd see more of these hybrid products for other PoS networks. makes it way easier for institutional investors to get exposure without having to understand all the technical stuff
SUI-0,24%
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