Grayscale Sui Staking ETF Will Debut on NYSE Arca

Find out our latest reports, listed below:

• 2026 – the year of RWA perps?

• Keep Calm and Carry Yen
  
  
• Bybit x Block Scholes: “2026: It's Different This Time?”

• Tokenised Markets on Bitget UEX: Unlocking Real-World Assets On-Chain for 24/7 Global Access

Market Snapshot: Overnight Moves

Daily Updates:

• A lack of fireworks in the crypto market has BTC continuing to trade within the same $65K to $70K band we’ve seen it consolidate within over the past two weeks. 
• ETH is equally holding rangebound around $2,000 — a level it has maintained since the 6th of February.
• Spot Bitcoin and Ethereum ETFs diverged in their net flows yesterday: the former saw outflows of $104.9M, while funds tracking Ether bought $48.6M of the token, continuing the $10.2M inflows from Friday. 
• Institutional demand in the form of digital asset treasuries continues to remain relatively strong however, despite the drawdown in spot prices. 
• Michael Saylor’s Strategy Inc. bought 2,486 bitcoins in the period Feb 9 and Feb 16 for a total cost of $168M (giving an average purchase price of $67,710). 

• Separately, the largest Ethereum DAT by supply of ETH held, Bitmine Immersion Technologies, announced yesterday that it had purchased an additional 45,759 ETH for $91.3M — bringing the firm’s total stockpile to 4.371M ETH ($8.734B).
• According to the company’s Chairman Tom Lee, "After spending the past week at Consensus Hong Kong, one of the largest global gatherings in crypto, we came away with a growing conviction that 2026 will be a defining year for Ethereum.” 
• Lee added that he sees three verticals likely to drive further support into the Ethereum ecosystem: “(i) Wall Street via tokenization/privacy on Ethereum; (ii) AI and AI-agents using Ethereum for both collecting payments as well as verification and (iii) creators leaning towards 'proof of human' and other standards running on Ethereum L2 (Worldchain, etc).”

• After being closed for the Presidents’ Day holiday on Monday, US equities whipsawed in yesterday’s trading, ultimately ending the day flat amidst ongoing stresses over artificial intelligence. The S&P 500 recovered from a near 1% drop, though sold off again towards the end of the session. 
• Interestingly, while caution lingers in US equity markets regarding the impact of artificial intelligence, a number of Fed officials have recently suggested that the productivity growth stemming from AI development could lead to a higher neutral interest rate. 
• Governor Michael Barr said yesterday “I expect that the AI boom is unlikely to be a reason for lowering policy rates”. 
• According to Barr, if generative AI has a “long-lasting boost to productivity growth”, then “wages and economic activity could grow more than would otherwise be the case without putting upward pressure on inflation”. That growth in AI would also increase the demand for capital “because of the strong business investment required to take advantage of the technology”. 
• Together, these factors would mean “upward pressures on interest rates”, with further upward pressure stemming from household savings falling “due to expectations of stronger real wage growth and thus higher lifetime earnings”.
• Barr then said “All of this would imply a higher setting for the policy rate when the economy is at equilibrium”. 

• In a separate event yesterday, San Francisco Fed President Mary Daly, also echoed similar comments to Barr. When asked what an AI-induced acceleration to productivity growth could mean for interest rates, she said “Maybe it raises the neutral rate a little bit”, though she cautioned “We need to be a little humble about what we think the impact on the neutral rate will be.”

• LMAX Group announced yesterday that it is now offering a Gold (XAU/USD) perpetual future, giving institutions round-the-clock, margin-based access to gold, meaning firms can gain notional exposure by posting collateral rather than fully funding the position upfront.
• The contract is aimed at risk management beyond standard market hours - especially over weekends - and at efficient hedging for existing spot or CFD positions.
• LMAX says clients can expect the same institutional-level liquidity, transparency, and execution quality as across the rest of its perpetual line-up.

• BlackRock has taken a significant step toward launching a yield-generating Ethereum fund in the US, according to an amended S-1 registration statement filed on Tuesday.
• The iShares Staked Ethereum Trust, expected to trade as ETHB, was seeded with $100,000 and plans to stake the majority of its ether, typically 70% to 95%, with an estimated average staking yield of around 3% based on early 2026 benchmarks, not guaranteed.
• The filing also outlines a 0.25% sponsor fee, reduced to 0.12% on the first $2.5B for the first 12 months, and an 18% share of gross staking rewards split between BlackRock and Coinbase Prime, while 5% to 30% of the fund’s ether would remain unstaked to support liquidity and operations.

• Grayscale’s Sui Staking ETF (GSUI), which is “solely and passively invested in SUI”, is set to be listed today 18th Feb, on NYSE Arca.
• GSUI provides investors with access to SUI and exposure to its staking rewards. Historically, staking yields on Sui have ranged between approximately 1.7% and 3.3% annually.

• Elemental Royalty Corporation, an emerging mid-tier gold-focused royalty company with a globally diverse portfolio, has become the first publicly listed gold company to let shareholders take dividends in tokenised gold, offering payments in Tether Gold (XAUT).
• Investors can elect to receive XAUT instead of cash, giving them dividend proceeds that track the gold price with the added convenience of on-chain settlement. 

• Zora, a crypto social platform closely associated with Ethereum layer-2 Base, announced on Tuesday that it is launching a new product on Solana called "Attention Markets".
• The feature lets users speculate on which topics, memes and narratives will gain traction online, effectively enabling SocialFi traders to take long or short exposure to social-media virality.
• Zora says users can create markets around any idea or moment gaining attention, add links to connect related markets, track PnL in real time, and exit positions at any time. 

This Week’s Calendar:

‍

Charts of the Day: