Sui ETFs Launch with Dismal Volume and Low Investor Interest
Sui ETFs Launch with Dismal Volume and Low Investor Interest
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Two spot Sui ETFs, SUIS and GSUI, recently launched in US markets, aiming to provide staking-enabled exposure to the Sui layer-1 blockchain. However, trading volume for these products quickly collapsed after their debut, indicating a significant lack of investor interest and a poor initial reception for the new investment vehicles.
Two spot Sui ETFs began trading in US markets on Feb. 18. Canary's SUIS is listed on Nasdaq, while Grayscale's GSUI appeared on NYSE Arca. Both products offer staking-enabled exposure to Sui, the layer-1 blockchain positioned as a high-throughput alternative to Ethereum. By the end of the first trading session, GSUI had moved roughly 8,000.