The post Grayscale Launches Sui Staking ETF on NYSE Arca appeared first on Coinpedia Fintech News
Grayscale has officially launched its Sui Staking ETF, which started trading today on NYSE Arca under the ticker GSUI. The fund gives investors regulated exposure to the SUI token while also earning staking rewards, combining traditional ETF investing with crypto yield opportunities.
The listing went live after Grayscale filed the required Form 8-A with the U.S. Securities and Exchange Commission and received approval from NYSE Arca. The ETF charges a 0.35% management fee, but this fee is waived for the first three months or until the fund reaches $1 billion in assets. This move is designed to attract early institutional and retail investors.
The fund is supported by well-known financial institutions. Bank of New York Mellon will handle administration and transfer services, while Coinbase will serve as custodian and prime broker. Market makers such as Jane Street and Virtu are
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