Canary Capital on Wednesday, Feb. 18, officially launched the Canary Staked SUI ETF (NASDAQ: SUIS).
The exchange-traded fund seeks to track the spot price of SUI while participating in the Sui Network's proof-of-stake protocol, with net in-kind staking rewards reflected in the fund’s NAV, according to a blog post.
“The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchanged-traded structure, while also enabling investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism,” said Steven McClurg, CEO at Canary Capital.
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