Key insights:
- GSUI ETF approved via SEC 8-A filing, begins NYSE Arca trading on February 18 with staking-based yield exposure.
- Fund charges 0.35% fee but waives it for 3 months or until $1B AUM threshold is reached.
- SUI rose by 7% after the announcement; derivatives data shows mixed sentiment despite growing institutional interest.
Grayscale Investments’ Sui Staking ETF will start trading on NYSE Arca on February 18 under the ticker GSUI after the 8-A filing became automatically effective with the U.S. Securities and Exchange Commission (SEC).
Grayscale’s 8-A Filing for Sui Staking ETF. Source: U.S. SEC
The listing gives investors regulated exposure to the SUI token and staking rewards without directly holding crypto assets, marking a significant expansion of exchange-traded products tied to alternative Layer-1 blockchains.
GSUI ETF Framework, Fees, and Key Institutional Participants
The management fee on the fund is 0.35%. Grayscale Investments Sponsors LLC has foregone the entire fee for up to 3 months or until assets under management reach $1 billion. The ETF aims to generate yield by staking SUI tokens deposited in the trust.
The key market participants include Jane Street Capital and Virtu Americas, which act as authorized participants, while JSCT, Virtu Financial Singapore, Galaxy Digital Trading Cayman, and Flowdesk will provide liquidity. Additionally, the Bank of New York Mellon serves as transfer agent and administrator, while Coinbase functions as the prime broker, and Coinbase Custody Trust Company holds the assets.
The product was previously available on OTCQX in 2025. Moving to NYSE Arca broadens access for traditional investors who want blockchain exposure without managing wallets or private keys.
SUI Market Reaction and Price Movement
SUI rose about 7% after news of the ETF surfaced, but later traded at $0.968, down 0.88% on the day. The 24-hour range stood between $0.954 and $0.987, while trading volume fell roughly 22% amid wider crypto-market uncertainty ahead of macroeconomic data, including the Federal Reserve’s FOMC minutes.
Derivatives data showed mixed sentiment. Total SUI futures open interest rose about 1% to $509 million, though short-term positions fluctuated across exchanges. In a post on X, analyst Ali suggested a potential 15% rally toward $1.16 based on a technical breakout pattern.
$SUI is breaking out of an Adam & Eve pattern, opening the door to a 15% rally toward $1.16. pic.twitter.com/2qtjppCzxw
— Ali Charts (@alicharts) February 14, 2026
GSUI Launch Signals Expansion of Staking-Based Crypto ETFs
GSUI ETF enables investors to receive staking rewards in a regulated environment, blending conventional finance with blockchain yield systems. The launch also increases institutional visibility for the Sui network, a Layer-1 blockchain designed to support high-throughput Web3 apps.
Grayscale entering into staking-based exchange-traded products is an indication of a wider trend in diversified crypto ETFs that are no longer limited to Bitcoin and Ethereum. With more adoption, analysts believe that there will be better liquidity and involvement in smaller ecosystems of digital assets.
What happens next?
GSUI will begin trading on NYSE Arca, with market participants watching early inflows and their impact on SUI liquidity and price dynamics. This indicates an expanding competition in the wider crypto ETF market.
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