Grayscale Sui Staking ETF (NYSE Arca:GSUI) filed its Form 10-Q for the quarterly period ended September 30, 2026, disclosing financial results and balance sheet data for the three and nine months ended on that date.

Key Highlights

  • Net assets of $46.076 million at September 30, 2026, up from $4.301 million at December 31, 2025, according to the filing.
  • 2,768,900 shares outstanding at the end of Q3 2026, compared with 212,900 shares at December 31, 2025.
  • Principal Market NAV per share of $16.64 at September 30, 2026, versus $20.20 at December 31, 2025.
  • Staking Reward Income of $91 thousand for the three months ended September 30, 2026, and $246 thousand for the nine months ended on that date.
  • Net increase in net assets from operations of $16.233 million for Q3 2026, driven primarily by a net change in unrealized appreciation of $16.175 million.
  • 40,163,749.16996240 SUI tokens held at September 30, 2026, with $41,772 thousand of that amount staked, at a fair value of $46.076 million against a cost of $41.050 million.

Grayscale Sui Staking ETF: Q3 2026 Financial Position and Operating Results

According to the filing, Grayscale Sui Staking ETF is a Delaware Statutory Trust formed on April 30, 2024, that commenced operations on August 1, 2024. Its shares were listed and began trading on NYSE Arca under the symbol "GSUI" on February 18, 2026, following the SEC declaring its Form S-1 registration statement effective on February 17, 2026. The Trust's investment objective, as stated in the filing, is for the value of its shares to reflect the value of SUI tokens held and staking rewards received, less expenses and liabilities. Shares are issued only in blocks of 10,000 (called "Baskets") to Authorized Participants in exchange for SUI.

For the three months ended September 30, 2026, the Trust reported net investment income of $50 thousand, net realized gain of $8 thousand, and a net change in unrealized appreciation of $16.175 million, resulting in a net increase in net assets from operations of $16.233 million. For the nine months ended September 30, 2026, the Trust reported net investment income of $148 thousand, a net realized loss of $735 thousand, and a net change in unrealized appreciation of $8.654 million, for a net increase in net assets from operations of $8.067 million. The Sponsor's Fee Waiver of $25 thousand reduced net expenses during the nine-month period.

Capital share activity was substantial over the nine months ended September 30, 2026, with 3,216,000 shares issued and 660,000 shares redeemed, contributing a net increase of $33.729 million in net assets from capital share transactions. The Trust also made distributions to shareholders of $21 thousand during that period. As of November 6, 2026, the filing reported 2,958,900 shares outstanding. The sole sponsor as of the filing date is Grayscale Investments Sponsors, LLC, a consolidated subsidiary of Digital Currency Group, Inc.

What Was Disclosed

The Trust filed its quarterly report covering the period ended September 30, 2026, disclosing net assets of $46.076 million, staking reward income, share activity, SUI token holdings including $41.772 million of staked SUI, and sponsor fee arrangements.