As of September 30, 2025, the Trust had a net closing balance with a value of $10,009,930, based on the Index Price (non-GAAP methodology). As of September 30, 2025, the Trust had a total market value of $10,102,902, based on the Digital Asset Market price of SUI on the Trust’s principal market (Coinbase). As of September 30, 2024, the Trust had a net closing balance with a value of $2,544,366, based on the Index Price (non-GAAP methodology). As of September 30, 2024, the Trust had a total market value of $2,544,365, based on the Digital Asset Market price of SUI on the Trust’s principal market (Coinbase) For the Period from August 1, 2024 (the commencement of the Trust’s operations) to December 31, 2024 (unaudited) (All SUI balances are rounded to the nearest whole SUI) August 1, 2024 (the
Commencement of the Trust’s Operations) to December 31, 2024
SUI: Opening balance
-
Creations
3,045,980
Sponsor’s Fee, related party
(16,103)
Closing balance
3,029,877
Accrued but unpaid Sponsor’s Fee, related party
-
Net closing balance
3,029,877
Number of Shares (1)(2) : Opening balance
-
Creations
204,100 204,100
Closing balance
As of December 31, 2024
Price of SUI on principal market (1) Principal Market NAV per Share (2)
$ $ $ $
4.17
61.90
Index Price
4.20
NAV per Share (3)
62.35
(1) The Trust performed an assessment of the principal market at December 31, 2024, and identified the principal market as Coinbase. (2) As of December 31, 2024 and 2023, the Principal Market NAV per Share was calculated using the fair value of SUI based on the price provided by Coinbase, the Digital Asset Trading Platform that the Trust considered its principal market, as of 4:00 p.m., New York time, on the valuation date. (3) The Trust’s NAV per Share is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms. See the section entitled “—Business—Valuation of SUI and Determination of NAV” above for a description of the Trust’s NAV per Share. The Digital Asset Trading Platforms included in the Index as of December 31, 2024 were Coinbase, Crypto.com, and Kraken. The Digital Asset Trading Platforms included in the Index (the “Constituent Trading Platforms”) as of December 31, 2024 were Coinbase, Crypto.com, and Kraken. For accounting purposes, the Trust reflects creations and the SUI receivable with respect to such creations on the date of receipt of a notification of a creation but does not issue Shares until the requisite amount of SUI is received. At this time, the Trust is not accepting redemption requests from shareholders. Subject to receipt of regulatory approval from the SEC and approval by the Sponsor in its sole discretion, the Trust may in the future operate a redemption program. As of December 31, 2024, the Trust had a net closing balance with a value of $12,725,485, based on the Index Price (non-GAAP methodology). As of December 31, 2024, the Trust had a total market value of $12,634,588, based on the Digital Asset Market price of SUI on the Trust’s principal market (Coinbase). Historical NAV and SUI Prices As movements in the price of SUI will directly affect the price of the Shares, investors should understand recent movements in the price of SUI. Investors, however, should also be aware that past movements in the SUI price are not indicators of future movements. Movements may be influenced by various factors, including, but not limited to, government regulation, security breaches experienced by service providers, as well as political and economic uncertainties around the world.
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