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Canary Capital has filed for an ETF tracking Sui aft registering a spot successful Delaware for the money earlier this month.
Canary Capital has filed its sixth projected crypto exchange-traded money (ETF) with US regulators, this clip for 1 tracking the spot terms of the crypto token Sui.
In a March 17 Form S-1 filing to the Securities and Exchange Commission, the crypto concern steadfast requested to database the Canary SUI ETF, which didn’t see accusation connected what speech it would commercialized connected oregon the projected ticker symbol.
The ETF would straight clasp Sui (SUI), the autochthonal token of the layer-1 blockchain utilized for fees and staking, which is the 23rd largest cryptocurrency with a marketplace worth of astir $7.36 billion, per CoinGekco.
Sui is trading up 1.3% implicit the past time to $2.31 and has gained 7.3% implicit the week. It has, however, fallen 56.5% from its Jan. 5 all-time highest of $5.35.
Sui’s terms implicit the past 24 hours deed a precocious of $2.38 but has since somewhat fallen. Source: CoinGekco
Canary had registered a spot successful Delaware connected March 6 for the fund, and it indispensable besides record a Form 19b-4 with the SEC earlier the bureau tin see whether to database it for trading.
Canary’s Sui filing is its sixth crypto ETF bid with the SEC. In the past fewer months, it filed for ETFs tracking Solana (SOL), Litecoin (LTC), XRP (XRP), Hedera (HBAR) and Axelar (AXL).
The filing comes aft Sui said connected March 6 that it partnered with World Liberty Financial, the crypto level backed by US President Donald Trump.
Part of the concern saw World Liberty see the Sui token successful its alleged “Macro Strategy” token reserve and research further merchandise opportunities together.
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Trump has promised to unbend regulatory enforcement against crypto, which has sparked a flurry of crypto ETF filings amid optimism that the SEC nether his medication volition determination to greenlight them.
The SEC has delayed making decisions connected aggregate crypto ETF filings, but Commissioner Hester Peirce said past period that the bureau would wait until the Senate confirms Trump’s prime to seat the SEC, Paul Atkins, earlier deciding connected an docket for crypto.
A Senate confirmation proceeding for Atkins is reportedly slated for March 27, having been delayed owed to issues with fiscal disclosures.
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