Canary Staked SUI ETF (SUIS) is a digital asset exchange-traded fund that holds SUI cryptocurrency and issues shares listed and traded on a national securities exchange. The Trust generates income through two mechanisms: staking income earned by participating in SUI Network's proof-of-stake validation process, and exposure to SUI price appreciation, with net asset value established daily using a 60-minute time-weighted average pricing benchmark. The Trust is sponsored by Canary Capital Group LLC, which charges a sponsor fee as the primary operating expense, with a fee waiver in place for the period ended March 31, 2026. Shareholders have no voting rights or management role in Trust operations. The Trust began operations with zero net assets at the start of the period ended March 31, 2026, and qualifies as an investment company solely for accounting purposes under FASB ASC Topic 946. It is not registered under the Investment Company Act of 1940. Shares are created and redeemed in blocks called Baskets through Authorized Participants.

Revenue model

Staking income from SUI Network proof-of-stake transaction validation, as disclosed in the Statement of Operations for the period ended March 31, 2026. The Trust charges a sponsor fee to shareholders; specific fee rate not disclosed in the excerpts.

Products and services

Exchange-traded fund shares providing exposure to SUI cryptocurrency price; staking participation in SUI Network proof-of-stake consensus mechanism generating additional SUI.

Customers and end markets

Authorized Participants for share creation and redemption; secondary market investors seeking exchange-traded exposure to SUI cryptocurrency.

Value-chain role

Passive cryptocurrency holding vehicle and staking participant. The Trust holds SUI directly, engages third-party digital asset brokers or dealers for SUI transactions, and uses a third-party vendor for daily pricing benchmark determination.

Geographic exposure

United States. Trust is organized under Delaware law and sponsored by Canary Capital Group LLC. No international operations disclosed in filing excerpts.

Source: SEC 10-Q, filed 2026-05-13

Industry: Commodity Contracts Brokers & Dealers