Grayscale launches GSUI — 100% staked SUI ETF with zero fees
Grayscale Investments has launched GSUI, an exchange-traded product that gives regulated exposure to the Sui token (SUI) with 100% of its underlying tokens delegated to staking and a 0% management fee. The fund structure is designed to pass staking rewards, net of fees and expenses, to holders so investors can access Sui staking yield without on-chain custody or staking operations. GSUI began as a private placement in August 2024 and moved to public quotation in late 2025, positioning itself amid rising demand for staking-linked ETFs. Grayscale markets the zero-fee model as a low-cost, low-barrier entry for both institutional and retail investors who prefer regulated vehicles and to avoid technical custody complexity. Traders and market watchers will monitor early inflows, staking reward yields, and liquidity (noting potential illiquidity while tokens are staked) to gauge demand and price reaction for SUI. Keywords: SUI, staking ETF, Grayscale, token staking, zero fees.
Bullish
The launch of GSUI is likely bullish for SUI price. A regulated, zero-fee ETF that fully stakes its holdings lowers barriers for both institutional and retail capital to gain staking exposure without technical custody. That can increase demand for SUI as the fund acquires tokens to back shares and as investors buy ETF shares to obtain staking yield. Short-term effects will depend on initial inflows and liquidity: strong early subscriptions could drive upward price pressure on SUI, while slow uptake or large secondary selling could mute impact. Medium- to long-term, a successful staking ETF could sustain recurring demand tied to staking rewards, improving on-chain demand dynamics. Downside risks that could limit bullishness include potential illiquidity while assets are staked, changes to staking reward rates, or regulatory or operational issues affecting the product.