Canary Staked SUI ETF (NASDAQ:SUIS) filed its first Form 10-Q on November 13, 2026, covering the quarterly period ended September 30, 2026, with the Trust reporting net assets of $33,887,152 as of that date.

Key Highlights

  • Net assets of $33,887,152 as of September 30, 2026, per the unaudited Statement of Assets and Liabilities.
  • 1,140,000 shares outstanding as of November 9, 2026, with a net asset value per share of $29.73.
  • 29,597,646 SUI tokens held at fair value of $33,936,747, against a cost basis of $28,156,039.
  • Staking income of $212,841 for the period from inception (February 17, 2026) through September 30, 2026, and $77,954 for the three months ended September 30, 2026.
  • Net increase in net assets from operations of $13,196,495 for the three months ended September 30, 2026, driven primarily by unrealized appreciation of $13,272,471.
  • Initial share purchase date was February 17, 2026, with no comparative prior periods presented.

Canary Staked SUI ETF: Inaugural Quarterly Financial Results and Portfolio Details

According to the filing, the Canary Staked SUI ETF is a Delaware statutory trust formed on February 27, 2025, and managed by Canary Capital Group LLC as Sponsor. The Trust's shares are listed on the Nasdaq Stock Market, LLC under the symbol "SUIS." The Trust's primary investment objective, as described in the filing, is "to seek to provide exposure to the price of Sui ('SUI') held by the Trust, less the expenses of the Trust's operations and other liabilities," with a secondary objective of earning additional SUI through staking on the SUI Network's proof-of-stake process.

The unaudited Statement of Assets and Liabilities as of September 30, 2026, reported total assets of $34,834,589, total liabilities of $947,437, and net assets of $33,887,152. Net assets consisted of paid-in capital of $28,120,690 and total distributable earnings of $5,766,462. The Trust's investment in SUI represented 100.1% of net assets at fair value, with liabilities in excess of other assets accounting for negative 0.1%, per the Schedule of Investments.

For the three months ended September 30, 2026, the Trust reported total expenses of $122,924, which included sponsor fees of $42,585, audit fees of $24,000, and administration, accounting, transfer agent, and cash custody fees of $16,184, among other items. Total staking income of $77,954 for the quarter resulted in a net investment loss of $44,970 for that period. The net change in unrealized appreciation of investment in crypto currency was $13,272,471 for the three months ended September 30, 2026, contributing to a net increase in net assets from operations of $13,196,495 for that quarter. The filing notes no sponsor fees were waived during either reported period.

What Was Disclosed

The Trust filed its first quarterly report covering the period ended September 30, 2026, disclosing unaudited financial statements, including net assets of $33,887,152, 1,140,000 shares outstanding, a NAV per share of $29.73, and staking income of $212,841 since inception on February 17, 2026.