Canary Capital has filed its sixth crypto ETF application in the US, aiming to track the price of the Sui token.
Details of the Filing
On March 17, Canary Capital submitted an S-1 form to the US Securities and Exchange Commission (SEC) requesting to list the Canary SUI ETF. The ETF would hold Sui tokens directly; however, the filing did not specify which exchange it would trade on or the proposed ticker symbol. Canary registered a trust in Delaware on March 6 for the fund.
About Sui Cryptocurrency
Sui is the native token of the layer-1 blockchain used for fees and staking. As of the article's writing, Sui ranks 23rd among cryptocurrencies with a market capitalization of approximately $7.36 billion. The price of Sui has increased by 1.3% over the last day to $2.31 and has gained 7.3% over the week.
Partnership with World Liberty Financial
On March 6, Sui announced a partnership with World Liberty Financial, a crypto platform backed by US President Donald Trump. Through this partnership, the Sui token was included in World Liberty's 'Macro Strategy' token reserves, and the companies will explore further product opportunities together.
Canary's ETF filing highlights the growing interest in cryptocurrencies, and Sui's partnership with World Liberty Financial presents further development opportunities.
