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.

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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.

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  • 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.

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