Canary Capital Files for Sui (SUI) ETF with SEC, Boosting Token Price

Canary Capital, an asset management firm, has submitted an application for a Sui (SUI) Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) to launch a publicly traded fund.

This was confirmed by Bloomberg ETF Analyst Eric Balchunas in a social media post on Monday (March 17). The company has filed an S-1 form with the SEC.

The announcement has had an immediate impact on the SUI token, which saw a slight 4.6% increase over the past 24 hours, now priced at $2.35, up from $2.25. Additionally, World Liberty Financial (WLFI), a crypto project backed by the family of U.S. President Donald Trump, plans to add SUI to its reserve assets.

Canary Capital has previously filed for ETFs for other crypto tokens, such as Dogecoin (DOGE), Solana (SOL), and XRP, as part of its strategy to expand its reach in the digital asset market.

Leave a Reply

Your email address will not be published. Required fields are marked *

Language ยป