According to the submitted to the institution on March 17, the Chanary Capital Group, an institutional Crypto trading and management company, has applied for the SUI Exchange-Traded Fund (ETF) from the Securities and Exchange Commission.
Fresh submissions can open the way of the first SUI ETF in the United States with more convenient SECs for Cryptocurrency and related investment products. Furthermore, SUI ETF said it plans to put SUI into strategic stores after World Liberty Financial, a decentralized financial project related to US President Donald Trump.
Steven Mcclurg, the Canary Capital CEO, said, “We saw developers moving greatly into the SUI ecosystem.” “Considering the speed and efficiency of the SUI chain, we believe that it will be the destination of many future projects. In the case of chains that have existed for less than two years, the 20th market capital token.”
SUI investment products already exist even if they are not ETFs. For example, Crypto Asset Manager Grayscale Investments started GrayScale Sui Trust in August 2024. According to The Trust’s website, it is a private investment means that provides “certified investors” exposure to SUI, and the stock of the trust is tracked by the price fluctuations of the SUI. SUI ETF will be traded on open securities exchanges such as CBOE, NYSE, and CBOE. Or nasdaq, open to all investors.
On March 6, “Canary Sui ETF” was created through the official Delaware Registration Portal, and Canary suggested that the previously reported block will submit an official S-1 at the federal level. SUI submissions show the sixth Crypto Asset ETF of Canary with Litecoin, Hedera, Axelar, XRP and Solana.
SUI is a layer 1 block chain created by Mysten Labs, founded by the former Meta staff. The SUI, the basic token of the blockchain, maintains a $ 7.4 billion market cap. According to the SUI price page of the block, the price of the token has risen 3.15% for 24 hours in 24 hours.
Indemnity: Block is an independent media outlet that delivers news, research and data. As of November 2023, Poresight Ventures is the majority investor of this block. The predictive venture invests in another company in the encryption space. Crypto Exchange Bitget is an anchor LP of predictive venture. This block continues to work independently to provide objective, influential and timely information about the encryption industry. The following is the current financial disclosure.
© 2025 Block. All rights holdings. This article is provided only for the purpose of providing information. It is not provided or used as law, tax, investment, finance or other advice.