Canary, Grayscale Sui ETFs Hit US Markets With Staking Rewards

The first SUI ETFs have started trading as fund issuers Canary Capital and Grayscale make their debuts. The Sui layer-1 blockchain was launched in 2023 as a so-called "Solana killer" because it uses Move, a programming language based on Rust, to provide high-speed transactions, instant processing, and scalability. The network operates on a delegated proof-of-stake consensus mechanism and has an upper limit of 10 billion SUI tokens. The Canary Stake SUI ETF is now trading on the Nasdaq under the SUIS tic ...