Company Announcements

With SUIS, Canary advances its strategy of translating blockchain networks into exchange-traded investment vehicles with staking yield

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Feb. 18, 2026-- Canary Capital Group LLC (“Canary Capital”), a digital asset investment management firm, today announced the launch of the Canary Staked SUI ETF(NASDAQ: SUIS). The Fund seeks to offer exposure to the spot price of SUI, the native token of the Layer-1 Sui Network. In addition, the Fund also seeks to earn additional SUI through participation in the Sui Network’s Proof-of-Stake (“PoS”) validation process, with net in-kind staking rewards reflected in the Fund’s net asset value.

“The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchanged-traded structure, while also enabling investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism,” said Steven McClurg, CEO at Canary Capital.

Canary’s investment thesis is to provide investors with access to cutting-edge blockchains, and the Sui Network, with healthy user adoption and a wide stack of tooling, is a well-suited addition to the product suite. Investors who believe in the potential of the Sui Network can get direct spot exposure to SUI, with staking, on Nasdaq via SUIS.

Targeted for fast, low-cost transactions, the Sui Network enables builders to create seamless applications for everyday users, from financial and digital marketplaces to gaming and digital advertising tools.

Created by the leading minds behind Meta’s Libra project, the Sui Network is known for its industry-leading performance, speed, and scalability. As of December 2025, the network supports a robust on-chain economy, with over $10 billion in 30-day decentralized exchange (DEX) trading volume (DeFiLlama.com), more than 1,000 monthly active developers (Artemis.xyz), and over $200 billion in monthly stablecoin transfer volume (Artemis.xyz).

“The Sui Network represents the evolution of blockchain utility – it’s highly scalable, supported by robust developer activity, and designed for real-world adoption,” said McClurg.

“Today marks an important milestone for both institutional and retail access to the Sui ecosystem,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, the original contributor to Sui. “Sui was built to serve as the foundation for a new global economy, and this launch unlocks exposure for investors who believe in the technology powering that innovation.”

With the launch of the Canary Staked SUI ETF (SUIS), Canary Capital continues its mission to make digital asset investing simple, secure, and accessible. For more information on SUIS or Canary Capital click here.

About Canary Capital
Canary Capital is an investment management firm offering crypto-focused investment strategies and funds with a disciplined, technology-driven approach.

About Sui
Sui is a next-generation Layer-1 blockchain designed for fast, secure, and scalable digital asset ownership and applications.

Disclosures and Risk

Investing Involves Significant Risk. The loss of principal is possible. Canary Staked SUI ETF (the "Fund") may not be suitable for all investors. This communication does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The Fund ’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://canaryetfs.com/SUIS/prospectus/. Read it carefully before investing.

The Fund is not a registered commodity pool or an investment company registered under the Investment Company Act of 1940. Shares of the Fund are not subject to the same regulatory requirements as traditional ETFs.

These investments are not suitable for all investors. Funds focusing on a single asset generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as SUI, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.

SUI is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. SUI is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for digital assets, and other factors. There is no assurance that SUI will maintain its value over the long term.

Staking provides the Trust with the opportunity to create and earn additional Sui. The Trust will be entitled to all Sui generated by the Trust’s staking, after deduction of certain staking-related expenses. This additional Sui will increase the net assets of the Trust, benefiting Shareholders. Certain of such Sui may be treated as income to the Trust and may be held for future distribution to Shareholders, subject to procedures and requirements disclosed elsewhere in the Prospectus.

Staking comes with a risk of loss of SUI. None of the Fund’s assets, including any staked assets, are subject to the protections enjoyed by depositors with Federal Deposit Insurance Corporation (“FDIC”) or SIPC member institutions. The staked assets may also be subject to “slashing” penalties. Slashings occur when a validator attests to two different histories of the chain and penalties occur when a validator is offline for a prolonged period of time. The Fund itself will not engage in staking activities, including the operation of a validator node. Instead, the staking program will be administered by the Fund’s sponsor, who will utilize service providers including the custodians and staking providers. While the Fund’s sponsor does not expect the activities of the staking providers to result in slashing penalties, there can be no guarantee that slashing penalties will not occur. Furthermore, the custodians’ and staking providers’ liability to the Fund for the actions associated with the Staking Program is limited, and the custodians and staking providers may lack the assets or insurance in order to support the recovery of any losses incurred. Accordingly, there can be no guarantee that the Fund would recover any of its staked assets, or the value thereof, if it is subject to slashing or penalties.

The Fund is new with a limited operating history.

Paralel Distributors LLC, Marketing Agent. Paralel is unaffiliated with Canary Capital.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218244061/en/

Media Contacts
Trevor Davis
Gregory for Canary Capital
215-475-5931
trevor@gregoryagency.com
media@sui.io

Investor Relations
Amber Reedy
Canary Capital
amber.reedy@canary.capital

Source: Canary Capital Group LLC