--- title: "Grayscale Sui Staking ETF | 10-Q: FY2026 Q1 Revenue: USD 44 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/285770625.md" datetime: "2026-05-08T20:15:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285770625.md) - [en](https://longbridge.com/en/news/285770625.md) - [zh-HK](https://longbridge.com/zh-HK/news/285770625.md) --- # Grayscale Sui Staking ETF | 10-Q: FY2026 Q1 Revenue: USD 44 K Revenue: As of FY2026 Q1, the actual value is USD 44 K. EBIT: As of FY2026 Q1, the actual value is USD 21 K. Grayscale Sui Staking ETF operates as a single segment, with its Chief Operating Decision Maker monitoring the Trust’s overall results and passive investment objective. #### Operational Metrics - **Net Realized and Unrealized Loss on Investment in SUI:** The Trust experienced a net realized and unrealized loss on investment in SUI of -$3,644 thousand for the three months ended March 31, 2026, compared to -$5,867 thousand for the same period in 2025. The 2026 loss included a realized loss of -$7 thousand from SUI transfer for the Sponsor’s Fee, a -$1 thousand realized loss for the Sponsor’s Staking Fee, and a -$3,636 thousand net change in unrealized appreciation/depreciation. The SUI price depreciated from $1.40 per SUI on December 31, 2025, to $0.88 per SUI on March 31, 2026. - **Net Decrease in Net Assets from Operations:** The net decrease in net assets resulting from operations was -$3,623 thousand for the three months ended March 31, 2026, and -$5,932 thousand for the three months ended March 31, 2025. - **Net Assets:** Total net assets increased to $30,401 thousand at March 31, 2026, from $4,301 thousand at December 31, 2025, representing a 607% increase. This increase was primarily due to the contribution of approximately 31,559,639 SUI, valued at $29,723 thousand, and 45,804 SUI, valued at $44 thousand from Staking Rewards, partially offset by SUI price depreciation and distributions for fees. - **Sponsor’s Fee (Related Party):** The Sponsor’s Fee incurred was $24 thousand for the three months ended March 31, 2026, compared to $65 thousand for the same period in 2025. - **Sponsor’s Staking Fee (Related Party):** The Sponsor’s Staking Fee incurred was $9 thousand for the three months ended March 31, 2026, with no fee incurred in the prior year period. - **Staking Reward Income:** Staking Reward income amounted to $44 thousand for the three months ended March 31, 2026, with no income in the prior year period. - **Shares Issued:** The Trust issued 2,186,000 Shares for the three months ended March 31, 2026, compared to 6,500 Shares for the same period in 2025. The value of these issued shares was $29,723 thousand and $350 thousand, respectively. - **Principal Market NAV per Share:** The Principal Market NAV per Share was $12.67 at March 31, 2026, down from $20.20 at December 31, 2025. - **Price of SUI on Principal Market:** The price of SUI on the principal market was $0.88 at March 31, 2026, compared to $1.40 at December 31, 2025. #### Unique Metrics - **Quantity of SUI Held:** The Trust held 34,668,939.80182300 SUI at March 31, 2026, a significant increase from 3,082,477.84765850 SUI at December 31, 2025. - **SUI Contributed:** Approximately 31,559,639.39818170 SUI were contributed in the three months ended March 31, 2026, compared to 96,266.49253369 SUI in the prior year period. - **SUI Distributed for Sponsor’s Fee:** Approximately 10,117.87900872 SUI were distributed for the Sponsor’s Fee in the three months ended March 31, 2026, compared to 18,987.10740441 SUI in the prior year period. - **SUI Distributed for Sponsor’s Staking Fee:** Approximately 8,863.73564304 SUI were distributed for the Sponsor’s Staking Fee in the three months ended March 31, 2026. - **Staking Reward Income (in SUI):** The Trust received 45,804.17063456 SUI as Staking Reward income for the three months ended March 31, 2026. #### Cash Resources and Liquidity The Trust does not intend to hold cash, except for facilitating creation and redemption orders. The Sponsor anticipates that the Trust will not record any cash flow from operations and will have a zero cash balance at the end of each reporting period. The Trust is unaware of any trends, demands, conditions, or events likely to materially change its liquidity needs. #### Future Outlook and Strategy The Trust does not expect Staking Consideration to be earned at a consistent rate, and any distribution of Staking Consideration (in SUI or cash) to shareholders is at the Sponsor’s discretion. The Sponsor has waived a portion of its fee, effective February 18, 2026, until the earlier of May 18, 2026, or when the Trust’s NAV exceeds $1.0 billion, after which the fee will be 0.35%. ### Related Stocks - [GSUI.US](https://longbridge.com/en/quote/GSUI.US.md) ## Related News & Research - [Worried About a Market Crash? 3 Vanguard ETFs Built to Survive](https://longbridge.com/en/news/286880525.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [VTI vs. VOO — Which Vanguard ETF Should You Own in 2026?](https://longbridge.com/en/news/287079454.md) - [5 High-Yield BlackRock Dividend ETFs Paying Over 6% Passive Income in 2026](https://longbridge.com/en/news/286648962.md) - [New Core Equity ETF Drops As Low-Cost Active Funds Become Wall Street's New Obsession](https://longbridge.com/en/news/287253853.md)