- TSUI tracks SUI’s spot price without granting token ownership and is not registered under the 1940 Act.
- Canary Capital listed SUIS and Grayscale launched GSUI, adding staking-based SUI exposure.
- Broader ETF flows showed Bitcoin and Ethereum products posting net outflows despite new SUI listings.
21Shares began trading its spot SUI exchange-traded fund, TSUI, on Nasdaq today. The launch gives U.S. investors regulated access to SUI price exposure through brokerage accounts. The product follows recent regulatory clearance and marks the third spot SUI fund to list within one week.
Spot SUI ETF Structure and Investor Access
The SUI ETF trades under the ticker TSUI and offers direct price tracking of the SUI token. Investors can gain exposure without holding tokens or managing private keys. However, the fund does not grant ownership of underlying SUI assets.
According to the issuer, TSUI is not registered under the Investment Company Act of 1940. As a result, it lacks certain investor protections available to ’40 Act funds. The firm also disclosed that the ETF carries high volatility and loss risk.
Earlier, 21Shares introduced a leveraged SUI product in December 2025. That offering provides 200% daily exposure using derivatives. In contrast, TSUI delivers unleveraged spot exposure tied directly to market pricing.
Duncan Moir, president of 21Shares, said the listing builds on the firm’s earlier SUI-related launches. Meanwhile, Evan Cheng, co-founder and CEO of Mysten Labs, described TSUI as another access route to the Sui ecosystem.
Multiple SUI ETFs Enter the Market
The TSUI listing followed two other SUI ETFs launched earlier this week. Canary Capital introduced the Canary Staked SUI ETF, SUIS, on Nasdaq. Shortly after, Grayscale listed the Grayscale Sui Staking ETF, GSUI, on NYSE Arca.
Together, the three funds provide spot and staking-based exposure options. Additionally, firms including Bitwise, Franklin Templeton, and VanEck are exploring related Sui products.
Sui operates as a Layer 1 blockchain founded by former leaders from Meta’s Diem and Libra projects. The network recorded $6.5 billion in 30-day decentralized exchange volume. It also processed over $100 billion in stablecoin transfers for six consecutive months.
Market Context and Broader ETF Flows
Despite ETF launches, SUI price performance remains mixed. At press time, SUI traded at $0.8684, up 2.63% in 24 hours. However, it declined 9.55% over the past week.
According to SosoValue, U.S. spot Bitcoin ETFs recorded $204 million in net outflows. Ethereum spot ETFs saw $49.48 million in outflows. Meanwhile, VanEck’s HODL posted $6.35 million in inflows, while BlackRock’s ETHA recorded $45.38 million in outflows.
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