Sui
Why Sui is down 4.2% today
Analysis
Sui (SUI) fell 4.2% over the past 24 hours even as major ETF-related headlines hit, with Canary Capital and Grayscale launching the first spot SUI ETFs in the US that include staking rewards. The drop likely reflects a “sell-the-news” reaction after the ETF debut, where traders took profits despite the positive catalyst.
Contributing Factors (2)
Canary, Grayscale Sui ETFs Hit US Markets With Staking Rewards
The first Sui ETFs are now trading as Canary and Grayscale bring staking-enabled crypto exposure to traditional markets.
First spot SUI ETFs debut as Canary Capital and Grayscale launch funds with staking
Two spot SUI exchange-traded funds hit the market on Wednesday, offering investors direct exposure to the token's price.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.