Revenue: As of FY2026 Q2, the actual value is USD 22.49 K.EBIT: As of FY2026 Q2, the actual value is USD 12.8 K.The 21Shares Sui ETF operates as a single segment, focusing on tracking the performance of SUI and generating rewards from staking a portion of its SUI holdings.<h4>Financial Performance for the Three Months Ended March 31, 2026</h4><ul><li>Net Asset Value (NAV): The Trust’s NAV increased from $13,921,170 on December 31, 2025, to $15,092,444 on March 31, 2026.</li><li>NAV per Share: On a per-share basis, the NAV per Share decreased by 36.96%, from $27.84 on December 31, 2025, to $17.55 on March 31, 2026.</li><li>SUI Price: The price of SUI declined by 36.69% from $1.39 on December 31, 2025, to $0.88 on March 31, 2026.</li><li>Net decrease in net assets resulting from operations: - $5,671,108.<ul><li>This decrease was primarily due to a net change in unrealized depreciation on investment in SUI of - $5,423,352, a net realized loss of - $259,094 from SUI sold for redemptions, and a net realized loss of - $1,814 from SUI sold to pay the Sponsor Fee.</li><li>These losses were partially offset by net investment income of $12,798, a net realized gain of $59 on in-kind liabilities paid, and a net change in unrealized appreciation on Sponsor Fee payable of $295.</li></ul></li><li>Net Investment Income Components: Net investment income comprised staking income of $22,491, less a Sponsor Fee of $4,070 and a Staking Fee of $5,623.</li></ul><h4>Financial Performance for the Period from November 18, 2025 (Initial Seeding) through March 31, 2026</h4><ul><li>Initial NAV per Share: The Trust commenced operations on November 18, 2025, with an initial NAV per Share of $33.72.</li><li>SUI Price Decline: The price of SUI declined by 47.93% from $1.69 on November 18, 2025, to $0.88 on March 31, 2026, leading to a NAV per Share decrease of 47.95% to $17.55.</li><li>Net decrease in net assets resulting from operations: - $8,612,768.<ul><li>This resulted from a net change in unrealized depreciation on investment in SUI of - $8,365,012, a net realized loss of - $259,094 from SUI sold for redemptions, and a net realized loss of - $1,814 from SUI sold to pay the Sponsor Fee.</li><li>These were partially offset by net investment income of $12,798, a net realized gain of $59 on in-kind liabilities paid, and a net change in unrealized appreciation on Sponsor Fee payable of $295.</li></ul></li><li>Net Investment Income Components: Net investment income included staking income of $22,491, less a Sponsor Fee of $4,070 and a Staking Fee of $5,623.</li></ul><h4>Balance Sheet Metrics as of March 31, 2026</h4><ul><li>Investment in SUI, at fair value: $15,093,069 (cost $23,458,081).</li><li>Total assets: $15,093,069.</li><li>Total liabilities: $625, primarily consisting of a Sponsor Fee payable of $625.</li><li>Net assets: $15,092,444, consisting of $23,705,212 in paid-in-capital and - $8,612,768 in accumulated earnings (loss).</li><li>Shares issued and outstanding: 860,000, with a net asset value per share of $17.55.</li></ul><h4>Operational Metrics (Staking)</h4><ul><li>As of March 31, 2026, 97.69% of SUI held was staked.</li><li>The average daily staked percentage was 68.58% during the period from February 24, 2026, through March 31, 2026.</li></ul><h4>Future Outlook and Strategy</h4>The Trust’s staking model aims to maximize the portion of SUI available for staking, generally intending to stake between 70% and 90% of its SUI holdings, while managing liquidity and redemption risks. The Trust plans to pay cash distributions to Shareholders at least quarterly, funded by staking rewards, with the amount dependent on various unpredictable factors such as the amount of SUI held, staking percentage, network participation rates, and protocol reward rates.

21Shares Sui ETF | 10-Q: FY2026 Q2 Revenue: USD 22.49 K