21Shares Sui ETF Reports 16.26% Decrease in NAV for Quarter Ending June 30, 2026

21Shares Sui ETF has reported its financial results for the quarter ending June 30, 2026, revealing a net asset value (NAV) of $12.64 million, a decrease of 16.26% from the previous quarter's NAV of $15.09 million. This decline is attributed primarily to a 20.45% drop in the price of SUI, which fell from $0.88 to $0.70 during the same period. The Trust's total assets were valued at $12.64 million, with liabilities amounting to $845, resulting in net assets of $12.64 million. The Trust's investment income for the quarter was $46,205, primarily from staking rewards, while total expenses were $22,779, leading to a net investment income of $23,426.

In comparison to the previous fiscal period, the Trust's financial performance has shown significant changes. The net decrease in net assets resulting from operations for the three months ended June 30, 2026, was $(3,362,720), which included a net change in unrealized depreciation on investments of $(2,203,432) and realized losses from SUI sold for redemptions and distributions. The Trust's accumulated losses since its inception on November 18, 2025, now total $(12,028,589). The Trust has also seen an increase in shares outstanding, from 860,000 to 910,000, reflecting the issuance of 170,000 new shares and the redemption of 120,000 shares during the quarter.

Strategically, the Trust has undergone a significant change with the termination of its licensing agreement with the CME CF Sui - Dollar Reference Rate, effective August 31, 2026. The Trust plans to enter into a new licensing agreement with FTSE International Limited to provide index data for its operations. This transition is not expected to materially impact the Trust's NAV or operational results. Additionally, the Trust has maintained a high staking rate, with 94.75% of its SUI holdings staked as of June 30, 2026, which is consistent with its strategy to maximize staking rewards while managing liquidity risks.

Operationally, the Trust has reported a total of 170,000 shares issued and 120,000 shares redeemed during the quarter, indicating active engagement from investors. The Trust's average staking percentage during the quarter was 95.74%, reflecting its commitment to generating income through staking activities. The Trust's employee headcount remains stable, and it continues to operate as an emerging growth company, allowing it to take advantage of reduced public company reporting requirements.

Looking ahead, the Trust's management has expressed cautious optimism regarding future performance, contingent on market conditions and the successful implementation of its new pricing benchmark. The Trust's ability to generate staking rewards and manage its expenses will be critical in navigating the current market landscape. However, the management has also noted that actual results may differ from forward-looking statements due to various risks and uncertainties, including market volatility and regulatory changes.