[PRESS RELEASE – New York, New York, February 24th, 2026]

U.S. spot ETF significantly expands regulated investor access to the Sui ecosystem in the world’s largest capital market

The Sui Foundation today announced that trading has officially commenced on the Nasdaq for TSUI, a spot SUI ETF issued by 21shares, a global leader in crypto exchange-traded products. The fund provides U.S. investors with a regulated, high-liquidity vehicle to gain direct exposure to Sui’s performance through their existing brokerage accounts following recent SEC approval.

The launch marks another major milestone in Sui’s continued growth as a payments platform and modern global finance layer. Sui is the full stack for a new global economy, founded by the tech leaders who spearheaded Meta’s Diem and Libra initiatives, and is advancing a vision of moving money as freely as messages. 21shares has long been at the forefront of bringing digital asset exposure into traditional financial markets, offering a broad suite of regulated crypto ETPs across Europe and beyond. Its expansion into a U.S. spot SUI ETF reflects accelerating institutional confidence in Sui’s infrastructure and ecosystem.

Spot ETFs provide exposure directly tied to the underlying SUI token, offering a straightforward structure for both institutional and retail investors seeking secure and compliant access to emerging blockchain ecosystems.

Sui’s traction with institutions is rooted in its unique technical design. Built using the Move programming language, Sui’s object-centric model enables parallel execution, sub-second finality, and horizontally scalable throughput. This architecture supports payments, tokenization, stablecoins, BTCfi, and decentralized finance at internet scale, eliminating many of the frictions found on earlier blockchains.

“TSUI marks yet another widely-available access point to Sui, leveraging the industry’s preeminent tech stack to support global payments use cases and financial applications at scale,” said Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui. “In a little more than two years, Sui has made significant inroads into payments and cross-border settlement, which has transformed it into one of the world’s most robust onchain economies and attracted the interest of leading institutions like 21shares as a result.”

The ETF approval arrives amid surging institutional interest in Sui, joining a growing list of institutional-grade products or planned initiatives, including from Bitwise, Canary Capital, Franklin Templeton, Grayscale, and VanEck. In December 2025, 21shares also launched the first leveraged ETFin the U.S. tied to SUI. The introduction of TSUI expands access further through a straightforward, spot-based structure.

“Following our successful launch of a leveraged SUI product, the introduction of TSUI represents the next step in expanding access to Sui through a straightforward, spot-based structure,” said Duncan Moir, President of 21shares. “Sui’s rapid ecosystem growth, technical strength, and institutional relevance were clear to us early on. We are pleased to provide U.S. investors with transparent tools to access this next-generation blockchain.”

As institutional capital continues to enter digital assets and stablecoins gain traction as a global payments layer, Sui’s scalable, low-latency infrastructure is designed to meet the demands of modern finance. To learn more about Sui and explore the ecosystem, visit https://sui.io.

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Learn more at sui.io.

Contact: media@sui.io

About 21shares

21shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21sShares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative, simple and cost-efficient investment solutions.

21shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21shares.com.

Contact: press@21shares.com

Important Information

Investing involves risk, including the possible loss of principal. There is no assurance that TSUI (“the Fund”) will generate a profit for investors.

There are special risks associated with short selling and margin investing. Please ask your financial advisor for more information about these risks. SUI is a relatively new asset class, and the market for SUI is subject to rapid changes and uncertainty. SUI is largely unregulated and SUI 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 SUI, and other factors. There is no assurance that SUI will maintain its value over the long-term.

The trading prices of many digital assets, including SUI, have experienced extreme volatility in recent periods and may continue to do so.Extreme volatility in the future, including further declines in the trading prices of SUI, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.

Failure by the Fund’s SUI Custodian to exercise due care in the safekeeping of the Fund’s SUI could result in a loss to the Fund. Shareholders cannot be assured that the SUI Custodian will maintain adequate insurance with respect to the SUI held by the custodian on behalf of the Fund.

The Fund is not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of SUI. An investment in the Fund is not a direct investment in SUI. Investors will also forgo certain rights conferred by owning SUI directly. Shares of the Fund are generally bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Only Authorized Participants may trade directly with the Fund and only large blocks of Shares called “creation units.” Your brokerage commissions will reduce returns.

If an active trading market for the Shares does not develop or continue to exist, the market prices and liquidity of the Shares may be adversely affected.

Shares in the Fund are not FDIC insured and may lose value and have no bank guarantee.

This material must be accompanied or preceded by a prospectus. Carefully consider the Fund’s investment objectives, risk factors, and fees and expenses before investing. For further discussion of the risks associated with an investment in the Fund please read the Fund’s prospectus: https://www.21shares.com/en-us/product/SUI

The Marketing Agent is Foreside Global Services, LLC

21Shares US LLC is the Sponsor to the Fund.

21Shares is not affiliated with Foreside Global Services LLC

2026. 21Shares US LLC. No part of this material may be reproduced in any form, or referred to in any other publication, without written permission.

Key takeaways:

• ETH futures liquidations reached $224 million after a 9% price drop, while the network’s onchain activity fell to a 12-month low.

• ETH’s high correlation with Bitcoin and massive outflows from exchange-traded funds suggest further downside risk for Ether price.

Ether (ETH) plunged to $1,800 on Tuesday, wiping out $224 million in leveraged bullish positions over 48 hours. This 14% price slide over the last 10 days has left top traders defensive. Options and futures data, sluggish onchain activity, and steady outflows from Ether spot exchange-traded funds (ETFs) all point to a shaky floor at $1,800.

After demand for put (sell) and call (buy) options stayed fairly balanced from Monday through Saturday, things shifted quickly on Tuesday. The ETH put-to-call volume premium jumped to 2.2x, showing a sudden scramble for downside protection. While some might have sold puts to bet on a price bounce, the broader market seems to be bracing for more volatility.

The options delta skew (put-call) sat at 18% on Tuesday, meaning puts were trading at a clear premium. This lopsided demand shows that hedging is the priority right now. There is a real lack of confidence here, even with ETH sitting 63% below its all-time high. A lot of this frustration comes down to some pretty weak onchain numbers.

The total value locked (TVL) on Ethereum has slipped to $51 billion, which is the lowest level seen since May 2025. With fewer deposits hitting decentralized applications (DApps), network fees have taken a hit to $13.7 million over the last 30 days. That is a far cry from the $33 million average seen in late 2025. Traders are worried that ETH demand for data processing won’t return anytime soon.

Even though it was expected, the recent $7 million in ETH sales linked to Ethereum co-founder Vitalik Buterin haven’t helped the mood. The Ethereum co-founder earmarked ETH 16,384 of his personal holdings in January as donations to fund privacy-focused technologies, open source hardware and secure, verifiable software systems. Still, the optics of the move added another layer of bearish pressure to an already shaky week.

Outflows from Ether ETFs have only made things worse for investor sentiment. Usually, this kind of movement means institutional players are losing interest.

Related: Longest Ether dip since 2022 ignored by whales–What’s next for ETH?

The US-listed Ether ETFs have seen $405 million in net outflows since Feb. 11, which has pushed total assets under management down to $12.4 billion. This shift happened right as gold prices climbed above $5,150. In fact, gold ETFs pulled in $822 million in the week ending Feb. 20, according to gold.org. 

Ether’s weak onchain and derivatives data is not a guaranteed death sentence. However, the fact that whales and market makers seem to be bracing for more downside definitely fuels the bearish mood. Ether’s price is also stuck to Bitcoin (BTC) right now as the assets’ 20-day correlation has stayed above 95% for the last three weeks.

The ETH drop to $1,800 has created a bit of a loop, where traders are still guessing at what is really driving this crypto bear market. That uncertainty is forcing traders to sell at a loss, and the situation may not change while professional traders display fear. Until those derivatives metrics stabilize, the odds of ETH sliding further are still on the table.