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21Shares’ Spot SUI ETF TSUI Debuts on Nasdaq

The non-’40 Act fund offers brokerage access to Sui without direct token ownership.

Overview

  • TSUI began trading on Feb. 24 on Nasdaq with a stated 0.30% expense ratio, according to the issuer.
  • The ETF provides spot exposure to Sui through traditional brokerage accounts without requiring wallets or direct custody.
  • TSUI is not registered under the Investment Company Act of 1940 and carries different investor protections and risk considerations than ’40 Act funds.
  • Industry coverage reports roughly $9.2 million in initial assets and a waiver of the 0.30% fee through October 2026.
  • Sui’s token traded near $0.87 around the launch after recent declines, while 21Shares positions TSUI as a follow-up to its earlier leveraged SUI product.