Canary Capital’s SUI Exchange-Traded Fund (ETF) is recognized by the US Securities and Exchange Commission (SEC). CryptoFundManager has submitted several Altcoin ETFs to the SEC, including Hedera, Litecoin, and XRP The SUI ETFs.
Canary Capital filed the S-1 form with the U.S. Securities and Exchange Commission (SEC) with the SUI Exchange Transaction Fund (ETF) as institutional profits rose.
According to the SUI Foundation blog, the SEC has approved filing and says it is a “significant early stage” in ETF approval.
The SUI ETF filing for March 17th is the latest from the Canary capital. Some cryptographic ETFs already filed with the SEC include Hedera, Litecoin, and XRP. The new submission follows changes in institutional regulations after US President Donald Trump was re-elected last November.
Since then, several organizations have submitted S-1 and 19B-4 forms to the SEC to track and list cryptographic ETFs.
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The SUI Foundation stated: “The SUI ecosystem momentum is directly attributed to its technological advantage, which has recently attracted a surge in institutional builders and products, surpassing the $70 billion distributed exchange (DEX) volume and attracting over 67 million accounts. Canary Capital ETF filing is the latest verification of this trajectory as it continues to recognize the benefits of SUI technology.”
News of canary capital applications for the SUI ETF are significant as Trump-backed Global Liberty Financial Platform (WLFI) announced last week that it would add SUI assets to its token reserve.
Evan Cheng, co-founder and CEO of Mysten Labs, the first contributor of SUI, said, “We believe that the combination of SUI’s technology and WLFI ambitions will help redefine how the world stores and uses assets.”
The SUI ETF move comes after Crypto Fund Manager filed a trust entity with Delaware on March 6th. The next step in canary capital is to file the 19B-4 form with the SEC.
