Canary Staked SUI ETF Reports -8.72% NAV Decline in Inaugural Quarter

summarizeSummary

Canary Staked SUI ETF reported an 8.72% decline in NAV per share for its first quarter of operations, largely due to the depreciation of its underlying SUI crypto asset, despite generating staking income.

check_boxKey Events

• Inaugural Quarter Performance

  The ETF's Net Asset Value (NAV) per share decreased by 8.72% from $25.00 at inception (February 17, 2026) to $22.82 as of March 31, 2026. The market value per share also saw a 9.08% decline.

• Underlying Asset Depreciation

  The SUI crypto asset, which the ETF primarily holds, depreciated by 9.34% from $0.97 to $0.88 during the reporting period, leading to a net decrease in net assets from operations of $(2,275,700).

• Staking Income Generated

  The fund generated $43,073 in staking income from its SUI holdings, which partially offset the $21,734 in sponsor fees and other expenses.

• Capital Inflow

  The ETF successfully created 1,060,000 shares, representing $26,459,775 in SUI, with no redemptions during its initial operating period.

auto_awesomeAnalysis

This is the first quarterly report for the Canary Staked SUI ETF, covering its initial period from February 17, 2026, to March 31, 2026. The fund experienced an 8.72% decline in its Net Asset Value (NAV) per share, primarily driven by a 9.34% depreciation in the underlying SUI crypto asset. While the fund successfully generated $43,073 in staking income, this was not enough to offset the significant unrealized depreciation of its SUI holdings. Investors will closely watch future performance to assess the fund's ability to manage crypto asset volatility and generate consistent staking returns.