GSUI vs TSUI: Tracking, Returns & Fees
Over the six months to Oct 21, 2026, GSUI finished 1.00 of a percentage point ahead of Sui and TSUI 0.44 ahead. Net assets: $21m on Jun 30, 2026 for Grayscale Sui Staking ETF, and $29m on Oct 21, 2026 for 21Shares Sui Staking ETF.
TSUI costs 0.05 points a year less; GSUI is 1.7 times larger.
| GSUI | TSUI | |
|---|---|---|
| Expense ratio | 0.35% | 0.30% |
| Net assets, as of Jun 30, 2026 | $21m | $13m |
| What it tracks | Sui | Sui |
| Holdings in common | not published | |
| Against Sui, same days | 24.6% behind | 0.5% ahead of |
| Reports to the SEC on | 10-K, not N-PORT | |
GSUI since launch: fund −49.35%, Sui −32.85%, 24.57% behind Sui, compounded. Figures to Oct 21, 2026.
Figures to Oct 21, 2026.
TSUI since launch: fund +20.80%, Sui +20.29%, 0.51 pts ahead of Sui. Figures to Oct 21, 2026.
Figures to Oct 21, 2026.
How much of its coin's move it captured, after costs, ranked against 27 spot crypto trusts listed less than a year. 100 is best. How it is computed
A percentile among the 27 spot crypto trusts listed less than a year. Share of the coin's own price growth a holder kept; funds on different coins are ranked together. All crypto ETFs ranked by it →
The same coin, two trusts
GSUI and TSUI hold the same asset. Both are 1933 Act trusts holding Sui through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, GSUI finished 24.6% behind Sui once both returns are compounded and TSUI 0.51 of a percentage point ahead, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure. GSUI has 92 more days of record than TSUI, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | GSUI | TSUI | GSUI | TSUI | GSUI | TSUI |
| 1 month | +0.9% | +0.3% | +0.5% | +0.5% | +0.4 pts | −0.2 pts |
| 3 months | +36.7% | +36.3% | +36.1% | +36.1% | +0.6 pts | +0.2 pts |
| 6 months | +9.7% | +9.1% | +8.7% | +8.7% | +1.0 pts | +0.4 pts |
| Since each listed Not the same days: GSUI Nov 2025 · TSUI Feb 2026 | −49.4% | +20.8% | −32.9% | +20.3% | −24.6% of its growth | +0.5 pts |
Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 21, 2026. Source: ETFIQ.
About GSUI
GSUI holds Sui through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since launch to Oct 21, 2026, Sui moved −32.9% and GSUI returned −49.4%. That leaves it 24.6% behind once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. GSUI charges 0.35% a year and finished 24.6% behind Sui, so the fee is less than the whole difference and the rest is what the market paid for the shares, which moved against holders. Sui is a proof of stake chain, so a fund holding it can stake. Over the window ETFIQ measures it did not finish ahead of Sui’s own price, so whatever it earned did not cover its costs. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Sui it custodies.
Doing it would read −16.5 pts, which is correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 75% of what holding the coin gave says exactly that. GSUI’s own filings say it does (424B3, Aug 7, 2026).
About TSUI
TSUI holds Sui through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since launch to Oct 21, 2026, Sui moved +20.3% and TSUI returned +20.8%. That leaves it 0.51 of a percentage point ahead. TSUI charges 0.30% a year and finished 0.5% ahead of Sui, which a fee cannot do on its own.
TSUI’s own filings say it does (424B3, Aug 13, 2026). It charges 0.30% and finished only −0.5% behind Sui, so staking covered about 0.8% of that fee over these days.
Questions people ask
- Which tracked Sui more closely, GSUI or TSUI?
- Over the days each has traded, GSUI finished 24.6% behind Sui once both returns are compounded and TSUI 0.51 of a percentage point ahead. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do GSUI or TSUI pay a staking yield?
- Sui is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
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ETFIQ, GSUI against TSUI, data as of Oct 21, 2026. https://etfiq.com/compare/crypto/gsui-vs-tsui
ETFIQ. (Oct 21, 2026). GSUI against TSUI. Retrieved from https://etfiq.com/compare/crypto/gsui-vs-tsui
[GSUI against TSUI (ETFIQ, Oct 21, 2026)](https://etfiq.com/compare/crypto/gsui-vs-tsui)
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