21Shares Sui ETF filed its Quarterly Report on Form 10-Q and a prospectus supplement dated May 15, 2026 to include that Report. The Report discloses unaudited March 31, 2026 financials: net assets $15,092,444, NAV per share $17.55, and 790,000 shares outstanding as of May 11, 2026. The period from November 18, 2025 (initial seeding) through March 31, 2026 shows a net decrease in net assets of $(8,612,768) largely driven by an unrealized depreciation on its SUI holdings of $(8,365,012). The Trust held 17,213,810.1127 SUI tokens (fair value $15,093,069) and reported staking income of $22,491 for the period, net of a Sponsor Fee and Staking Fee. The filing also describes staking mechanics, Sponsor fee arrangements (0.30% annual Sponsor Fee) and the Sui Foundation one-year lock-up on 1,000,000 Shares.
21Shares Sui ETF reports its first full quarter of operations, showing how closely it tracks the SUI token. Net assets were $15,092,444 with 860,000 shares outstanding at March 31, 2026, giving a NAV per share of $17.55.
Over the quarter, NAV per share fell from $27.84 to $17.55, a total return of -36.96%, driven by a 36.69% drop in SUI’s price. Despite this, total NAV rose as the Trust issued 380,000 new shares and redeemed 20,000.
The Trust held 17,213,810.1127 SUI worth $15,093,069 and had 97.69% of its SUI staked at quarter-end, generating $22,491 of staking rewards. Expenses remained limited to a 0.30% annual Sponsor Fee and a Staking Fee of $5,623, with no debt and no material legal proceedings disclosed.