21shares launched the 21Shares Spot <a href="https://yellow.com/asset/sui" rel="noopener noreferrer nofollow">SUI</a> ETF (TSUI) on Nasdaq on Tuesday, giving U.S. investors brokerage-account access to Sui's native token without requiring direct wallet custody.
The fund <a href="https://www.globenewswire.com/news-release/2026/02/24/3243733/0/en/21shares-Launches-Spot-Sui-ETF-TSUI-in-the-United-States.html" rel="noopener noreferrer nofollow">carries</a> a 0.30% annual management fee, waived entirely through Oct. 8, 2026, with initial assets under management of approximately $9.2 million at launch.
TSUI is not registered under the Investment Company Act of 1940, meaning it does not carry the same regulatory protections as standard '40 Act-registered ETFs and mutual funds.
<h2 id="what-launched-and-how-it-works">What Launched and How It Works</h2>
Custody is split across three qualified custodians: Anchorage Digital Bank, BitGo New York Trust Company, and Coinbase Custody Trust Company.
The fund <a href="https://www.21shares.com/en-us/products-us/tsui" rel="noopener noreferrer nofollow">tracks</a> spot SUI prices and is structured as a grantor trust, not an investment company. 21shares first entered the SUI market in December 2025 with a 2x leveraged ETF - TSUI is its unleveraged, spot-based follow-on.
Together, the two products offer both leveraged and direct price exposure to the same underlying asset.
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<h2 id="a-crowded-sui-etf-week">A Crowded SUI ETF Week</h2>
TSUI's debut comes days after competing products from two other issuers. The Canary Stake SUI ETF and the Grayscale Sui Staking ETF both <a href="https://www.benzinga.com/crypto/26/02/50816221/21shares-spot-sui-etf-nasdaq-tsui-to-begin-trading-on-tuesday-feb-24th-expanding-us-access-to-sui" rel="noopener noreferrer nofollow">began</a> trading last week.
Bitwise, Franklin Templeton, and VanEck have also filed or announced planned SUI-related products.
That five major issuers moved within roughly the same week reflects active competition for first-mover positioning in altcoin ETF products following the post-<a href="https://yellow.com/research/genius-act-explained-us-legislation-on-stablecoins-and-its-impact-on-crypto" rel="noopener noreferrer nofollow">GENIUS Act regulatory environment</a>.
<h2 id="sui-s-on-chain-context">Sui's On-Chain Context</h2>
Sui is a Layer 1 blockchain built by Mysten Labs, whose founding team came from Meta's Diem and Libra projects.
The network <a href="https://www.globenewswire.com/news-release/2026/02/24/3243733/0/en/21shares-Launches-Spot-Sui-ETF-TSUI-in-the-United-States.html" rel="noopener noreferrer nofollow">reported</a> $6.5 billion in 30-day DEX volume and over $100 billion in monthly stablecoin transfer volume for six consecutive months, per its own disclosures.
Those figures come from Sui's own publications and have not been independently verified by a third-party analytics provider. SUI was trading around $1.80 on Tuesday, down approximately 60% from its January 2025 high above $4.80.
Read next:<a href="https://yellow.com/news/coinbase-opens-equity-trading-to-all-us-users-offering-8000-stocks-at-zero-commission" rel="noopener noreferrer nofollow">Coinbase Opens Equity Trading To All US Users, Offering 8,000+ Stocks At Zero Commission</a>

21Shares Adds Spot Sui ETF To Nasdaq As Multiple Issuers Race To List SUI Products

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