This follows its move to establish the fund in Delaware just a week prior, signaling growing institutional interest in the asset.<\/p>\n
Bloomberg\u2019s Eric Balchunas reported<\/a> <\/strong>on the filing, noting its potential impact on SUI\u2019s<\/a> <\/strong>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\u2019s AXL token.<\/p>\n 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.<\/p>\n