Fund Overview
The Canary Staked SUI ETF is a financial instrument classified within the Digital Assets category and is managed by Canary Capital Group LLC. This specific fund currently holds total assets under management of $23.74M, a figure that indicates a specialized scale rather than broad market dominance, suggesting the asset pool is targeted at a niche audience interested in staking digital tokens. While the number of holdings is not publicly disclosed in the available data, the absence of this metric implies a concentrated exposure to the underlying staked SUI asset rather than a broadly diversified portfolio of multiple securities. The fund operates with an expense ratio of 0.8%, which represents a moderate cost structure typical for specialized digital asset funds, placing it in a higher-cost tier compared to traditional passive equity index funds but reflecting the operational complexities of managing staked cryptocurrency assets.
Performance Analysis
The current yield for the Canary Staked SUI ETF is not available in the provided data, which means income-seeking investors cannot evaluate the fund based on distribution payouts at this time. Similarly, the year-to-date return is not disclosed, preventing a direct assessment of the fund's performance relative to the immediate market cycle. Regarding longer-term metrics, the three-year average return and the five-year average return are both not available, indicating that the fund likely has a limited historical track record or that specific long-term performance data has not yet been calculated or released. The lack of comparable three-year and five-year return data makes it difficult to determine consistency over extended periods, as there are no historical benchmarks to contrast against short-term fluctuations. Furthermore, the 0.8% expense ratio will continuously impact net returns over time by reducing the gross value generated by the staked assets, a factor that becomes increasingly significant as the fund's asset base grows or if the underlying staking rewards decline.
Price & Risk Profile
The 52-week high price for the SUIS ticker is recorded at $28.54, while the 52-week low stands at $22.30, defining a trading range of approximately $6.24 between the peak and trough observed during the past year. This range indicates a degree of price volatility inherent to digital asset markets, where the asset price can fluctuate by over 20% between the high and low points without necessarily reflecting a fundamental change in the underlying asset's value. Without a specific current price point provided in the facts, an exact calculation of where the current price sits within this $22.30 to $28.54 range cannot be performed, though the asset is clearly trading within this established volatility corridor. The beta value is not available, which prevents a quantitative comparison of the fund's volatility relative to the broader market index, leaving the risk profile to be inferred solely from the observed price range. Consequently, the overall risk profile is characterized by the wide price spread observed over the 52-week period, suggesting that investors must be prepared for significant price swings typical of the Digital Assets sector, with costs further eroded by the 0.8% annual expense ratio.