Canary Capital Seeks SEC Approval for SUI ETF

Canary Capital is making a push into the crypto ETF market, recently submitting an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for a fund focused on SUI.

This follows its move to establish the fund in Delaware just a week prior, signaling growing institutional interest in the asset.

Bloomberg’s Eric Balchunas reported on the filing, noting its potential impact on SUI’s market trajectory. If approved, the ETF could drive further price gains, with analysts eyeing a possible surge toward $7. Canary Capital has been actively expanding its crypto investment products, having already sought approval for ETFs linked to XRP, Hedera, Solana, and Axelar’s AXL token.

The Sui development team welcomed the ETF filing, calling it a step toward broader adoption. With over $70 billion in DEX trading volume and tens of millions of active accounts, the network is positioning itself as a major player.

READ MORE:

Bitcoin Could Plunge Over 75%, Warns Economist Peter Schiff

The Sui Foundation sees this as another indication of traditional finance’s growing confidence in its ecosystem. Institutions such as Grayscale, Franklin Templeton, and VanEck have already launched financial products leveraging Sui’s infrastructure, spanning tokenized assets and exchange-traded notes.

Adding to this momentum, World Liberty Financial, an entity tied to Donald Trump, recently partnered with Sui, announcing plans to establish a Strategic SUI Reserve, further integrating the blockchain into the financial sector.

Alexander Stefanov