Grayscale, a prominent American digital asset management firm, has launched a novel exchange-traded fund (ETF) on NYSE Arca. This ETF, named GSUI, uniquely focuses on the Sui blockchain and its native token, SUI, offering a streamlined route for investors to engage with the Sui ecosystem directly.
What Sets GSUI Apart in Investor Access?
The GSUI fund is structured as a passive investment vehicle, directly holding SUI tokens to mirror their market movements. Distinct from diversified funds, GSUI allows investors to experience Sui’s price fluctuations firsthand, without the complications of multiple asset exposure or derivatives.
Initially restricted to select clients, the GSUI fund is now publicly accessible following its NYSE Arca listing. The fund’s performance is strictly linked to the market valuation of its SUI assets, with returns calculated after management fees and other expenses.
Why is the GSUI ETF’s Fee Structure Noteworthy?
A standout feature of GSUI is its alignment with Sui’s “delegated proof-of-stake” mechanism, whereby it locks tokens within the fund to bolster network security and generate staking rewards. Importantly, these rewards are retained within the fund rather than dispensed to investors.
For its initial period, Grayscale has waived management fees for GSUI, either for the first three months or until the fund amasses $1 billion in assets. Following this phase, an annual fee of 0.35% will apply. As of mid-February 2026, GSUI’s SUI holdings were approximately valued at $3 million.
Grayscale highlights that the GSUI fund diverges from the protections under the U.S. Investment Company Act of 1940, making it susceptible to significant price swings not typical of traditional ETFs. Investors should be aware of the potential risks involved.
Investors face the direct impacts of market dynamics due to GSUI’s correlation with the SUI token price. SUI has exhibited considerable volatility over the past year, reflecting broader trends within the cryptocurrency sector.
Driving efforts to cater to the rising demand for regulated crypto investment tools, Grayscale is broadening its range of single-asset crypto offerings. The firm is also making strides in offering yield-based structures based on Ethereum within the United States.
Grayscale emphasizes the importance of regulatory advancement in pushing the boundaries of innovation within digital asset investments. They stated,
“Our goal is to continuously adapt and offer state-of-the-art solutions to cater to the evolving needs of investors.”
