Today, the first spot SUI ETFs began trading on US markets. Canary Capital launched its SUIS (Canary Staked SUI ETF) on Nasdaq, providing direct spot exposure to SUI while also reflecting staking rewards from the SUI network's proof-of-stake mechanism in the net asset value. On the same day, Grayscale also converted its existing Sui Trust, listing its GSUI (Grayscale Sui Staking ETF) ETF on the NYSE Arca, offering institutional investors access to SUI and staking yields in a regulated environment. This development represents a major institutional milestone for the Sui ecosystem: the integration of regulated ETFs and staking facilitates access to Layer-1 tokens for traditional finance players and could potentially trigger new capital inflows.$SUI
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Crypto_Buzz_with_Alex
· 2h ago
Wishing you abundant wealth and great success in the Year of the Horse 🐴✨
Today, the first spot SUI ETFs began trading on US markets. Canary Capital launched its SUIS (Canary Staked SUI ETF) on Nasdaq, providing direct spot exposure to SUI while also reflecting staking rewards from the SUI network's proof-of-stake mechanism in the net asset value. On the same day, Grayscale also converted its existing Sui Trust, listing its GSUI (Grayscale Sui Staking ETF) ETF on the NYSE Arca, offering institutional investors access to SUI and staking yields in a regulated environment. This development represents a major institutional milestone for the Sui ecosystem: the integration of regulated ETFs and staking facilitates access to Layer-1 tokens for traditional finance players and could potentially trigger new capital inflows.$SUI