Asset managers Canary Capital and Hashdex are broadening their cryptocurrency ETF offerings amidst changes in the regulatory landscape and potential new decisions from the SEC.
Canary Capital's Spot Sui ETF Proposal
Canary Capital has filed its sixth cryptocurrency ETF application with the SEC, seeking approval for a fund tracking the spot price of the Sui (SUI) token. Details about the exchange and ticker symbol remain undisclosed. This filing follows the registration of a Delaware trust on March 6 to facilitate the fund's launch. The SEC must receive a Form 19b-4 to start the regulatory review process.
Sui's Partnership with World Liberty Financial
The timing of Canary's filing is notable as it follows Sui's March 6 partnership announcement with World Liberty Financial, backed by Donald Trump. The collaboration includes Sui in the 'Macro Strategy' token reserve, potentially boosting Sui's adoption. There remains optimism in the industry that the new SEC Chair might be more favorable towards crypto.
Hashdex Expands Cryptocurrency Index ETF
Hashdex revised its crypto index ETF to include seven altcoins alongside BTC and ETH, reflecting an acceleration of crypto ETF rollouts amid shifting regulatory attitudes. If approved, the ETF would become one of the most diverse crypto index ETFs available to US investors.
The expansion of cryptocurrency ETF offerings by Canary Capital and Hashdex highlights the growing interest in digital assets and anticipated changes from the SEC. These developments open up new opportunities for institutional investors and the integration of cryptocurrencies into traditional financial portfolios.
