8-K: 21Shares Sui Staking ETF Renames, Secures New Benchmark Provider

21Shares Sui Staking ETF announces a name change and a new benchmark licensing agreement with FTSE International Limited, effective August 27, 2026, replacing CF Benchmarks Ltd.

Summary

• The 21Shares Sui Staking ETF has undergone a name change from 21Shares Sui ETF to 21Shares Sui Staking ETF.
• A new Benchmark Licensing Agreement has been entered into with FTSE International Limited, effective August 20, 2026.
• This new agreement replaces the previous licensing agreement with CF Benchmarks Ltd., which terminated effective August 31, 2026.
• The Trust will begin valuing its shares and calculating its Net Asset Value (NAV) by reference to the FTSE Sui Index (Pricing Benchmark) starting August 27, 2026.
• An amendment to the Sponsor Agreement changes the payment timing of the Sponsor Fee from weekly in arrears to at least quarterly in arrears, payable in SUI.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive development, indicating proactive management in securing a new benchmark provider and optimizing operational terms.

Positives

• Secured a new benchmark provider (FTSE International Limited) to ensure continued operation and valuation of the ETF.
• Proactive management in addressing the termination of the previous benchmark agreement.
• The new licensing agreement is expected to have a one-year initial term with automatic renewals, providing stability.
• Amendment to the Sponsor Agreement allows for more flexible payment terms for the Sponsor Fee, payable quarterly in arrears in SUI.

Negatives

• The previous benchmark provider agreement was terminated, necessitating a change.
• Potential for short-term disruption or adjustment period as the Trust transitions to the new benchmark.

Risks

• Reliance on a new benchmark provider (FTSE International Limited) and the FTSE Sui Index for accurate valuation.
• Potential for unforeseen issues during the transition from the old benchmark to the new one.
• The one-year term of the new license, while renewable, introduces a degree of uncertainty beyond the initial term.

Future Outlook

The Trust will continue to operate under its new name and utilize the FTSE Sui Index for valuation, with a renewed focus on operational efficiency through adjusted sponsor fee payment terms.

Management Comments

• The Trust Agreement revisions reflect the Trusts use of the FTSE Sui Index, the change in timing of payment of the Sponsor Fee, the change in the Trusts name, and various other ministerial, technical, conforming and clarifying revisions, none of which materially impact the rights of the Trust or holders of Shares.

Industry Context

StockSavvy.ai notes that the digital asset ETF space is highly competitive, and securing reliable benchmark data is crucial for investor confidence and accurate NAV calculation. The shift to a new provider like FTSE, a well-established index administrator, suggests a strategic move to ensure operational continuity and potentially leverage a more robust or suitable index for the SUI asset.

Corporate Governance

Related Party Transactions

• Amendment to the Sponsor Agreement changes the timing of payment of the Sponsor Fee from weekly in arrears to at least quarterly in arrears, payable in SUI.

Stakeholder Impact

• Shareholders will see the Trust operate under a new name and use a new benchmark index for valuation, with no material impact on their rights.
• The adjusted Sponsor Fee payment schedule may offer some operational flexibility for the Sponsor.

Next Steps

• Continue operations using the FTSE Sui Index for valuation and NAV calculation.
• Implement the new quarterly payment schedule for the Sponsor Fee.
• Ensure all necessary filings and disclosures reflect the Trust's new name and benchmark provider.

Key Dates

Recommendation

The filing details routine operational adjustments for an ETF, including a name change and a switch in benchmark providers, along with revised payment terms for the sponsor fee. These actions are necessary for continued operation and do not indicate a significant change in the ETF's underlying investment strategy or performance outlook that would warrant a buy or sell recommendation at this time.

Keywords

Sui ETF, Benchmark Agreement, FTSE, Digital Asset, Staking ETF, ETF Name Change, Sponsor Fee, FTSE Sui Index