The Canary Staked SUI ETF is a Delaware statutory trust sponsored by Canary Capital Group that gives investors exposure to SUI, the native token of the SUI Network, a proof-of-stake Layer 1 blockchain. The Trust trades on Nasdaq (ticker: SUIS) and lets retail and institutional investors access SUI through a standard brokerage account, without needing to manage digital wallets or private keys. Beyond simple price tracking, the Trust stakes substantially all of its SUI holdings through third-party staking providers, currently Luganodes and Everstake, earning staking rewards that flow back to the Trust daily. The Trust retains 90% of staking rewards after paying staking fees, and these rewards are typically restaked. If staking rewards exceed expenses, the amount of SUI per share increases over time; if not, it declines. The Trust charges shareholders an annual Sponsor Fee of 0.75% of SUI holdings, accrued daily and paid in SUI. The Trust uses a creation/redemption mechanism through Authorized Participants — including Jane Street, Virtu Americas, and Cantor Fitzgerald — in blocks of 10,000 shares, which keeps the share price aligned with NAV through arbitrage. NAV is calculated daily using a 60-minute time-weighted average SUI price derived from Coinbase, Crypto.com, and Kraken. The Trust does not pay dividends; any gains from staking are reflected in the SUI value backing each share.