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Key Highlights
- 21Shares launched the Spot SUI ETF (TSUI) on Nasdaq, giving U.S. investors regulated access to the Sui token without holding wallets.
- TSUI is non-leveraged, tracks the spot price, and does not provide direct token ownership, with a waived 0.30% fee until October 8, 2026.
21Shares, an asset management firm, announced that its spot SUI exchange-traded fund (ETF), trading under the ticker TSUI, is now officially live on Nasdaq for trading.
According to the official announcement, the product is designed to give U.S. investors regulated exposure to the Sui token through brokerage accounts following approval from the U.S. Securities and Exchange Commission (SEC) using a spot price structure.
The ETF allows investors to track the price of SUI without directly buying or storing the token in digital wallets.
Details of the TSUI ETF
The fund is structured as a grantor trust, not a traditional company. It will be managed across different custodians, including Anchorage Digital Bank, BitGo New York Trust Company, and Coinbase Custody Trust Company, to ensure the safety of the assets.
TSUI is a non-leveraged product, unlike 21Shares’ earlier 2x leveraged SUI ETF launched in December 2025. Duncan Moir, President of 21Shares, explained that the new fund “builds on the firm’s earlier leveraged product rollout”, providing investors a safer and more straightforward way to engage with Sui. The fund launched with around $9.2 million in assets under management, and its 0.30% annual fee is waived until October 8, 2026.
Meanwhile, the company noted that the ETF is not registered under the Investment Company Act of 1940, meaning it does not have the same protection as standard ‘40 Act funds. 21Shares cautions that TSUI carries high volatility, and investors could lose their entire investment if proper risk management is not applied. It also does not provide direct token ownership.
Previous SUI ETFS
The launch follows two other SUI ETFs that were recently launched. This includes Canary’s Canary Staked SUI ETF (SUIS) on Nasdaq, and Grayscale’s Sui Staking ETF (GSUI) on NYSE Arca. Together, these funds offer both spot and staking exposure to SUI.
Other institutions, including Bitwise, Franklin Templeton, and VanEck, are also exploring similar products.
SUI Price drops 10% in a week
Despite the ETF launch, Sui remains under market pressure. At the time of writing, Sui is trading for $0.86, down about 0.25% in the past 24 hours. This adds up to a 10% fall in the last 7 days from a weekly high of $0.97.
At the same time, trading activity has gone down by 20% from the previous day to about $438 million in volume, while the market cap sits at $3.3 billion, according to CoinMarketCap.
Also Read: Kraken Brings Crypto Flexibility to Equities With Tokenized Perps
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
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