Canary Capital Group has filed for the world's first SUI ETF with the SEC. The SUI price saw a slight rise, while Solana futures began trading on the CME.
Canary Capital Group's SUI ETF Application
According to the SEC website, Canary Capital Group has submitted an application for the SUI ETF (S-1 filing), marking it as the world's first ETF directly tied to the SUI cryptocurrency.
SUI Price Reaches $2.39
Despite the filing news, the SUI price did not experience significant growth. On the morning of March 18, SUI peaked at $2.39 but later fell back to $2.35, maintaining its correlation with Bitcoin.
Launch of Solana Futures on CME
On March 17, Solana futures trading officially launched on the Chicago Mercantile Exchange (CME), offering two contract sizes: a micro contract for 25 SOL and a larger contract for 500 SOL. Currently, 13 SOL ETF products from companies like Grayscale, Bitwise, and Canary are under SEC review.
The move towards SUI ETF implementation and SOL futures on CME highlights the growing interest in these cryptocurrencies and anticipation for their continued development.
