21Shares Sui Staking ETF Enters FTSE Benchmark License; Updates Sponsor Fee

What Happened

• 21Shares US LLC (the Sponsor) and 21Shares Sui Staking ETF (the Trust) filed an 8-K reporting a new Benchmark Licensing Agreement with FTSE International Limited dated August 20, 2026. Beginning August 27, 2026 the Trust will value its shares and calculate NAV by reference to the FTSE Sui Index instead of the CME CF Sui‑Dollar Reference Rate – New York Variant.
• The Trust also filed Amendment No. 1 to the Sponsor Agreement (dated August 26, 2026) changing the timing of the Sponsor Fee payment from weekly in arrears to at least quarterly in arrears, with payments payable in SUI. Separately, the Sponsor filed a Certificate of Amendment on August 25, 2026 to change the fund’s name from “21Shares Sui ETF” to “21Shares Sui Staking ETF,” and a Second Amended and Restated Trust Agreement (dated August 26, 2026) was executed to reflect these changes and other ministerial updates.

Key Details

• Benchmark Licensing Agreement: dated August 20, 2026 with FTSE International Limited; license is non‑exclusive, non‑transferable, worldwide; one‑year initial term with automatic one‑year renewals.
• NAV change effective: Trust will use the FTSE Sui Index to value shares starting August 27, 2026.
• Sponsor fee timing: Amendment dated August 26, 2026 changes Sponsor Fee payments from weekly to at least quarterly, payable in SUI.
• Name and governing docs: Certificate of Amendment filed August 25, 2026; Second Amended and Restated Trust Agreement effective August 26, 2026 reflecting benchmark, fee timing, name change, and technical conforming revisions.

Why It Matters

• Investors should note the Trust’s valuation benchmark for NAV and share pricing changed effective August 27, 2026; the benchmark provider and index methodology may affect how the fund tracks its underlying exposure compared with the prior CME CF reference rate.
• The sponsor fee payment schedule moving to quarterly (in SUI) changes the timing of fee distributions to the Sponsor, which can affect the fund’s operational flows but the filing states the trust amendments do not materially change shareholder rights. Review fund disclosures or prospectus updates for any further details about index methodology or fee mechanics.