Canary files S-1 for Sui spot ETF


Key Takeaways

  • Canary Capital filed for a spot ETF tracking SUI with the SEC.
  • The ETF could increase SUI’s liquidity and market capitalization.

Share this article

Canary Capital filed an S-1 registration statement with the US SEC for a spot ETF tracking SUI, the native token of the Sui Network.

The asset management firm registered a statutory trust for the SUI ETF in Delaware on March 6, 2025, preceding the SEC filing. Canary Capital must also submit a 19b-4 filing through the chosen exchange for the ETF listing.

The filing follows a partnership between Trump-backed World Liberty Financial and the Sui blockchain, which included SUI in WLFI’s Macro Strategy reserve. SUI prices rose more than 10% after the partnership announcement.

Canary Capital is also pursuing other crypto ETF offerings, having filed an S-1 registration for an Axelar (AXL) ETF. The firm is exploring funds tracking other digital assets including Litecoin, XRP, Solana, and Hedera.

This is a developing story.

Share this article

  • Umair

    Muhammad Umair is a passionate content creator, web developer, and tech enthusiast. With years of experience in developing dynamic websites and curating engaging content, he specializes in delivering accurate, informative, and up-to-date articles across diverse topics. From gaming and technology to crypto and world news, Umair's expertise ensures a seamless blend of technical knowledge and captivating storytelling. When he's not writing or coding, he enjoys gaming and exploring the latest trends in the tech world.

    Related Posts

    Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi

    The Solana Foundation has faced significant backlash after a controversial promotional video titled “America is Back—Time to Accelerate” sparked outrage within the crypto community. On March 17, Solana’s official X…

    Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

    A Bitcoin whale has closed over half a billion in short positions, betting on Bitcoin price’s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this week. A…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi

    • By Umair
    • March 18, 2025
    • 3 views
    Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi

    Anime Spirits codes (March 2025) [SSJ4 GOKU DAIMA + 4X]

    • By Umair
    • March 18, 2025
    • 2 views
    Anime Spirits codes (March 2025) [SSJ4 GOKU DAIMA + 4X]

    Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

    • By Umair
    • March 18, 2025
    • 1 views
    Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

    Zara Tindall’s growing new friendship hints at future role in royal family

    • By Umair
    • March 18, 2025
    • 3 views
    Zara Tindall’s growing new friendship hints at future role in royal family

    South African Parliament’s Social Media Accounts Hacked to Promote Fake Crypto

    • By Umair
    • March 18, 2025
    • 4 views
    South African Parliament’s Social Media Accounts Hacked to Promote Fake Crypto

    Cabinet united over welfare cuts, McFadden says as ministers brace for backlash

    • By Umair
    • March 18, 2025
    • 4 views
    Cabinet united over welfare cuts, McFadden says as ministers brace for backlash