21Shares started trading its spot SUI exchange-traded fund, TSUI, on the Nasdaq today. The ticker offers U.S. investors regulated access to SUI price exposure through standard brokerage accounts, eliminating the need to hold tokens or manage private keys.
Three SUI ETFs in One Week
TSUI is not alone this week. Canary Capital listed the Canary Staked SUI ETF (SUIS) on Nasdaq, and Grayscale launched the Grayscale Sui Staking ETF (GSUI) on NYSE Arca. All three products received regulatory clearance within days, providing both spot and staking exposure options.
Unlike 21Shares' leveraged SUI product launched in December 2025, which offers 200% daily exposure via derivatives, TSUI delivers unleveraged spot tracking. The fund is not registered under the Investment Company Act of 1940, meaning it lacks certain protections under that framework. The issuer also disclosed high volatility and loss risk.
Sui Ecosystem Data and Price Action
Sui is 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 and processed over $100 billion in stablecoin transfers for six consecutive months.
Despite the ETF launches, SUI price has shown mixed performance. At press time, SUI traded at $0.8684, up 2.63% in 24 hours but down 9.55% over the past week.
Duncan Moir, president of 21Shares, said the listing builds on the firm's earlier SUI-related products. Evan Cheng, co-founder and CEO of Mysten Labs, described TSUI as another access point to the Sui ecosystem. Bitwise, Franklin Templeton, and VanEck are also exploring related Sui products.
Broader ETF Flows Highlight Divergence
According to SosoValue, U.S. spot Bitcoin ETFs saw $204 million in net outflows on the same day, while Ethereum spot ETFs recorded $49.48 million in outflows. VanEck's HODL posted $6.35 million in inflows, while BlackRock's ETHA saw $45.38 million in outflows.