SUI stays under $1 as Canary and Grayscale debut staked products on 18 February

On 18 February, Canary Capital launched the Canary Staked SUI ETF (SUIS) on Nasdaq, and Grayscale introduced its staked SUI product (GSUI) for U.S. investors. SUI traded around $0.95 and fell more than 1.7% that day, remaining below $1 as the new vehicles aim to pair regulated exposure with staking rewards.