Disclosure:
For standardized returns of the Canary SUIS ETF, please visit [Canary Staked SUI ETF]. Past performance does not guarantee future results.
The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at [https://canaryetfs.com/suis/prospectus/]. Read it carefully before investing.
The Fund is not a registered commodity pool or an investment company registered under the Investment Company Act of 1940 (the “1940 Act”), and therefore is not subject to the same regulatory requirements as mutual funds or traditional ETFs registered under the 1940 Act.
The Trust's objective is to seek to provide exposure to the price of Sui held by the Trust, less the expenses of the Trust's operations and other liabilities. A secondary investment objective is for the Trust to earn additional SUI through its participation in the staking program administered by the Sponsor, in which staking rewards will be earned through the validation of transactions in the Sui networks' proof-of-stake ("PoS") process."
SUIS is not a commodity pool or an investment company registered under the Investment Company Act of 1940 (the “1940 Act”), and therefore is not subject to the same regulatory requirements as mutual funds or traditional ETFs registered under the 1940 Act.
Past performance is no guarantee of future results.
Net Staking Yield is the annualized staking yield expressed as a percentage of the Fund’s total net assets, net of staking fees incurred under to the Fund’s Staking Program. This yield incorporates the net performance of the Fund’s staked and unstaked assets, but excludes Sponsor Fees. Staking Fees will be shared among the Fund’s sponsor, staking providers, and custodians and will reduce the amount of staking rewards generated by the Staking Program. Net Staking Yield is based on observed rewards earned during the network’s epoch cycles and will vary based on validator performance, network staking incentives, and other conditions.
Gross Staking Yield is the annualized staking yield expressed as a percentage of the Fund's total net assets. This yield incorporates the performance of both staked and unstaked assets but excludes any validator, custody, or management fees. Gross staking yield is calculated before fees and taxes are applied and is based on observed rewards during the relevant network epochs. Actual results may vary due to validator performance, Sui inflation rate adjustments, and network conditions.
Investing Involves Significant Risk. The loss of principal is possible. Canary Staked SUI ETF (the "Fund") may not be suitable for all investors. This document does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.
The fund is new with a limited operating history. Digital assets, such as SUIS, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.
SUIS 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. SUIS 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 digital assets, and other factors. There is no assurance that SUIS will maintain its value over the long-term. 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 SUIS.
An investment in the Fund is not a direct investment in SUI. Investors will not have any rights that SUIS holders have and will not have the right to receive any redemption proceeds in SUIS. 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.
The amount of SUI represented by shares of the Fund will decrease over the life of the Fund due to sales of SUI necessary to pay the sponsor's fee and fund expenses. Without increases in the price of SUI sufficient to compensate for that decrease, the price of the shares will also decline, and investors will lose money on their investment. The liquidation of the Fund may occur at a time when the disposition of the Fund's SUI will result in losses to investors.
Staking rewards generated by the Fund’s staking program will be subject to fees shared among the Staking Provider and its network of validators. The amounts owed or paid to the Staking Provider and its network of validators are collectively referred to as the “Staking Fees.” The Staking Fees will reduce the amount of SUI rewards that are generated from the Fund’s staking program that are received by the Fund.
Staking activity comes with a risk of loss of SUI. None of the Fund’s assets, including any staked assets, are subject to the protections enjoyed by depositors with Federal Deposit Insurance Corporation (“FDIC”) or SIPC member institutions. The staked assets may also be subject to “slashing” penalties. Slashings occur when a validator attests to two different histories of the chain and penalties occur when a validator is offline for a prolonged period of time. The Fund itself will not engage in staking activities, including the operation of a validator node. Instead, the staking program will be operated through the Fund’s service providers, including the Custodian and Luganodes (the Fund's initial "Staking Provider"). While the Sponsor does not expect the activities of the Staking Provider to result in slashing penalties, there can be no guarantee that slashing penalties will not occur. Furthermore, the Custodian’s liability to the Fund for the actions of the Staking Provider is limited, and the Custodian may lack the assets or insurance in order to support the recovery of any losses incurred. Accordingly, there can be no guarantee that the Fund would recover any of its staked assets, or the value thereof, if it is subject to slashing or penalties.
The Fund’s Marketing Agent is Paralel Distributors LLC which is not affiliated with Canary Capital Group LLC or its affiliates, Native Ads, Bitgo Trut Company, UMB Bank N.A., US Bancorp Fund Services, Jane Street, Virtu Americas, Macquarie Capital, and Cantor Fitzgerald.
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