Canary and Grayscale have introduced the first active exchange-traded funds (ETFs) based on the Sui protocol with staking rewards in the US market. These ETFs offer investment opportunities in crypto assets through traditional platforms, allowing investors to earn additional income via staking. Sui is an advanced blockchain protocol known for its high-speed and low-cost transaction model. Staking involves investors locking their Sui tokens in the network to participate in its operations, receiving rewards in return. Now, these rewards will be directly accessible to investors through ETFs, making cryptocurrency investment more accessible and secure within conventional financial markets. Grayscale, one of the world’s largest digital currency investment firms, anticipates market growth for Sui through this new fund. Canary, a prominent digital asset management company focused on emerging blockchain protocols, also supports this initiative. This development indicates that traditional investors are increasingly adopting staking as a profitable strategy in the crypto market. While this advancement is expected to boost Sui’s popularity and create new investment opportunities, investors are advised to remain cautious and well-informed due to the inherent volatility of the cryptocurrency market.
Source: decrypt
