Grayscale has launched the Sui Staking ETF (Ticker: $GSUI), marking its transition to an exchange-traded product listed on NYSE Arca after a private placement phase. The fund, which allows investors to gain exposure to the $SUI token through staking, offers a promotional zero gross expense ratio for the first three months, though this will increase to 0.35% after reaching $1 billion in assets. However, investors should note that the fund is not registered under the Investment Company Act of 1940, exposing them to significant risks including illiquidity due to locked SUI, as well as potential losses from validator failures and network vulnerabilities, without direct ownership of the tokens.
Grayscale Sui Staking ETF launched with 0% fees for 3 months
