Umair
Canary Capital has added layer-1 blockchain token Sui to its list of potential ETFs.
Canary Capital reportedly filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking layer-1 cryptocurrency Sui. (SUI).
The S-1 filing, also called registration of securities, came after Canary registered a Sui trust in Delaware on March 7 ahead of formal paperwork submitted to the SEC.
A potential spot SUI ETF expands the firm’s existing basket of bids for crypto products on Wall Street. Canaray Capital also filed for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and (XRP) ETF.
Furthermore, Canary recently closed a deal with World Liberty Financial, a decentralized finance protocol backed by the 45th and 47th U.S. President, Donald Trump. As part of the partnership, WLFI will onboard Sui to its token reserves and consider deeper integrations with the layer-1 ecosystem.
The SEC has received a deluge of crypto ETF filings since Bitcoin-friendly Trump took office. Issuers have been encouraged by regulatory changes at the SEC and on Capitol Hill, as Trump urged lawmakers to explore pro-crypto laws and signed an Executive Order to establish the country’s first Bitcoin (BTC) reserve.
