No recent public news or business-impacting developments were identified for Grayscale Sui Staking ETF.

The Trust benefits from the growing interest in digital assets and staking as an investment strategy, potentially attracting investors seeking exposure to SUI. The Sponsor's comprehensive cybersecurity and third-party risk management frameworks support operational stability. The Trust's structure as an ETF provides liquidity and accessibility to investors interested in digital asset exposure.

The Trust faces significant risks from the extreme volatility of digital asset prices, regulatory uncertainties, and potential operational disruptions from third-party service providers. Staking introduces additional risks including loss of tokens and liquidity constraints. Legal proceedings involving related entities could pose reputational or operational challenges. The lack of disclosed liquidity and financial metrics beyond net loss limits transparency for investors.

The Trust's moat is primarily based on its specialized focus on the SUI digital asset and its staking arrangements, which require technical expertise and operational infrastructure. The Sponsor's established cybersecurity and risk management programs contribute to operational resilience. However, the digital asset market's inherent volatility, regulatory uncertainty, and competition from other digital assets limit the moat's defensibility.

• Digital Asset Volatility: The value of the Shares is highly dependent on the price of SUI, which has experienced extreme volatility and may continue to do so, potentially resulting in substantial losses.
• Regulatory Uncertainty: Changes in U.S. or foreign regulations could adversely affect the Trust's operations, the value of the Shares, or the ability to use or stake SUI tokens.
• Operational Risks: The Trust relies on third-party service providers for custody and staking, and any failure or replacement challenges could impact the Trust's operations and asset safekeeping.
• Staking Risks: Staking involves risks such as loss of SUI tokens and liquidity constraints due to tokens being locked for variable periods, which could negatively affect the Trust's value.
• Legal Proceedings: Ongoing legal proceedings involving related entities may pose risks, although the Sponsor does not currently expect material adverse effects on the Trust.

• Grayscale Sui Staking ETF is an exchange-traded fund (ETF) that holds the digital asset SUI and engages in staking arrangements to generate value for shareholders.
• The Trust is sponsored by an entity that maintains a comprehensive cybersecurity risk management program, including a dedicated Chief Information Security Officer (CISO) and regular reporting to an Enterprise Risk Committee and the Board.
• During the year ended December 31, 2025, no cybersecurity incidents materially affecting the business were identified.
• The Trust relies on third-party service providers for essential functions, including custody and staking execution, with associated operational risks.
• The value of the Shares is directly linked to the value and volatility of the SUI digital asset, which is subject to extreme price fluctuations and market risks inherent to digital assets.
• The digital asset market is largely unregulated and lacks transparency, which may adversely affect the value of the Shares.
• The Trust faces risks related to potential regulatory changes in the U.S. and foreign jurisdictions that could impact the value or operation of the Shares and the underlying digital assets.
• Legal proceedings involving related entities have been disclosed, with no expected material adverse effect on the Trust's business or financial condition as of the latest filing.
• The Trust's financial snapshot for the fiscal year ended December 31, 2025, shows a net loss of $8,782,000 USD as reported in the 10-K filed on March 24, 2026.
• Liquidity ratios and other financial metrics are not disclosed or are unavailable for the period ending December 31, 2025.
• The Trust's Shares may trade at prices differing from the net asset value (NAV) due to non-concurrent trading hours and liquidity factors.
• Staking introduces risks including loss of SUI tokens and liquidity constraints due to tokens being inaccessible for variable periods.
• The Sponsor administers a Third-Party Risk Management Program to oversee risks associated with service providers and supply chain participants.