According to the latest development, Canary has officially applied for the Sui (SUI) spot ETF.
Canary Capital has formally filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that will track the price of Sui (SUI), a layer-1 blockchain.
The hedge fund manager filed an S-1 following the registration of a trust entity in Delaware on March 7, according to records with the state’s Division of Corporations. The move marks Canary Capital’s continued push into crypto ETFs, having previously filed for similar funds tracking Dogecoin (DOGE), Solana (SOL), and XRP.
The decision to offer a SUI ETF comes shortly after Trump-affiliated decentralized finance (DeFi) platform World Liberty Financial (WLFI) announced its plan to include Sui assets in its token reserve and explore new product development opportunities.
Canary Capital is now expected to take the next regulatory step by filing a 19b-4 document with the SEC that will formalize its plans to launch the SUI ETF.
*This is not investment advice.