Canary Capital has officially filed with the SEC to launch a SUI ETF, drawing attention to the token and its future prospects.
Canary Capital's Plans and SEC Filing
Canary Capital has taken a significant step by submitting an S-1 form to the SEC for the SUI ETF. This follows the firm’s earlier registration of a statutory trust in Delaware on March 7, a move typically made before an official SEC filing. Now, the company also needs to file a 19b-4 form through the chosen exchange to list the ETF. Interest in SUI has grown after World Liberty Financial's announcement to add Sui assets to its token reserves.
SUI's Impact on the Market
The Sui team has welcomed Canary Capital’s ETF filing, calling it a major step in bringing the token to a wider audience. Sui's influence on the market is becoming more evident, with over $70 billion in decentralized exchange (DEX) trading volume and 67 million accounts. Institutional investors have also started showing interest, positioning SUI as a serious player in the crypto space.
Canary Capital's Other Crypto ETF Initiatives
Beyond SUI, Canary Capital has been actively working on launching ETFs for other cryptocurrencies. The firm has already filed for an ETF tracking the AXL token, which powers the Axelar Network. Additionally, Canary Capital has submitted ETF filings for Dogecoin (DOGE), Solana (SOL), and XRP, expanding its reach in the crypto investment market.
Despite recent price declines, the SUI ETF filing and growing institutional interest could lead to new achievements for the token in the near future.
