Canary Capital has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the SUI Exchange-Traded Fund (ETF). This move comes after World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump and his sons, announced its decision to add Sui to its token reserve portfolio.

Thanks to these positive developments, the SUI token price has increased by 8%, reaching $2.4 USD.

Canary Capital Advances the Establishment of SUI ETF 🔥

Canary Capital made a significant move by submitting the S-1 form to the SEC for the SUI ETF. Previously, the company registered a trust fund in Delaware on March 7, a common step before officially filing with the SEC.

Currently, to complete the process, Canary Capital also needs to submit the 19b-4 form through a chosen exchange for ETF listing.

Meanwhile, interest in SUI is rapidly growing, especially after World Liberty Financial announced its partnership with the SUI blockchain and added this asset to its Macro Strategy fund. This is a significant signal supporting the case for a SUI ETF.

SUI Gaining Market Attention 📈

The Sui development team welcomed the news of the SUI ETF, considering it a major step toward bringing the token to more investors.

Sui’s increasing market influence is evident through:

• Over $70 billion USD in trading volume on DEX platforms.
• 67 million accounts actively participating in the Sui ecosystem.

Institutional investors are showing greater interest in SUI, positioning the token as a formidable competitor in the cryptocurrency space.

Other Cryptocurrency ETF Filings by Canary Capital 📊

Besides SUI, Canary Capital has also submitted ETF filings for other cryptocurrencies, including:

• AXL – The native token of Axelar Network.
• Dogecoin (DOGE) – The famous meme coin.
• Solana (SOL) – One of the leading blockchains.
• XRP – Ripple’s digital asset.

Current Status of SUI 📉

Currently, SUI is trading at $2.34 USD. Although it has surged by 50% over the past year, the token has declined by approximately 31% over the past month.

However, with increasing institutional interest and the potential launch of the ETF, SUI may soon experience a significant price surge.

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