 for a Sui exchange-traded fund (ETF) as institutional interest rises.){kind=link}
- Canary Capital’s Sui exchange-traded fund (ETF) has been acknowledged by the US Securities and Exchange Commission (SEC)
- The crypto fund manager has filed several altcoin ETFs with the SEC, including Hedera, Litecoin, and XRP
- The Sui ETF comes as the Trump-backed World Liberty Financial (WLFI) announced last week that it would be adding Sui assets to its token reserve
Canary Capital has filed an S-1 form with the US Securities and Exchange Commission (SEC) for a Sui exchange-traded fund (ETF) as institutional interest rises.
According to a blog from the Sui Foundation, the SEC has acknowledged the filing, which it noted was a “critical early step” in the approval of the ETF.
The March 17 Sui ETF filing is the latest from Canary Capital. A few crypto ETFs it’s already filed for with the SEC include Hedera, Litecoin, and XRP. The new filing follows a regulatory change within the agency after the re-election of US President Donald Trump last November.
Since then several organizations have filed S-1 and 19b-4 forms with the SEC to track and list crypto ETFs.
Joining WLFI
The Sui Foundation said: “The Sui ecosystem’s momentum is directly attributable to its technological edge, recently attracting a flurry of institutional builders and products, surpassing $70 billion in decentralized exchange (DEX) volume, and amassing over 67 million accounts. The Canary Capital ETF filing is the latest validation of this trajectory, as institutions continue to recognize the advantages of Sui’s technology.”
News of Canary Capital filing for a Sui ETF is also significant as the Trump-backed World Liberty Financial platform (WLFI) announced last week it would add Sui assets to its token reserve.
Evan Cheng, co-founder and CEO of Mysten Labs, the original contributor to Sui, said: “We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets.”
The move for a Sui ETF comes after the crypto fund manager filed a trust entity in the state of Delaware on March 6. The next step for Canary Capital is to file a 19b-4 form with the SEC.