The fund manager Canary Capital has registered a spot SUI ETF in the state of Delaware, USA, which may be the first step towards filing an S-1 registration with the U.S. Securities and Exchange Commission (SEC).
SUI ETF Registration in the USA
According to Canary Capital's official filing page, the fund has registered a SUI ETF in Delaware, though this does not yet signify approval. Such a registration is typically an indicator that the fund manager is preparing to file an S-1 registration with the SEC.
Impact on SUI Price
Following the news of the SUI ETF registration, the price of SUI increased by 4.5% in the last 24 hours and continues to be traded at $2.8.
Partnership with WLFI Project
SUI also announced a partnership with the cryptocurrency project WLFI, which is backed by US President Donald Trump. This announcement was made yesterday.
The registration of the SUI ETF in the USA and the announcement of a partnership with WLFI create positive expectations around the SUI project. However, there remains much uncertainty regarding official regulatory approval.
