Key Takeaways:
- Canary Capital has filed for a SUI ETF with the SEC, following multiple crypto ETF applications, including DOGE, SOL, and XRP.
- World Liberty Financial (WLFI), linked to Donald Trump, recently announced plans to add SUI to its token reserves.
- SUI’s price jumped on the news, currently at $2.34, with a 52% yearly gain but a 31% decline over the past month.
Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Sui (SUI), a layer-1 blockchain.
This follows the firm’s recent filings for other crypto ETFs, including Dogecoin (DOGE), Solana (SOL), and XRP.
🚨 BREAKING: @CanaryFunds files for the first-ever SUI ETF!
— Sui (@SuiNetwork) March 17, 2025
This is a major step toward bringing Sui to public markets — if approved, the ETF will give investors direct exposure to SUI, further fueling institutional adoption.
With $70B+ DEX volume, 67M+ accounts and… pic.twitter.com/3KIrKVtXtT
The move comes after World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to former President Donald Trump, announced it would add Sui assets to its token reserve.
On Monday, Canary Capital submitted an S-1 filing with the SEC after registering a trust entity in Delaware on March 7, marking a significant step in the approval process.
The Delaware Division of Corporations website confirmed this registration.
Following the news, SUI’s price jumped to $2.34.
Despite a 52% gain over the past year, the token has dropped approximately 31% in the last month.
The next step for Canary Capital is submitting a 19b-4 filing, which would make the SUI ETF proposal official and advance it further through regulatory procedures.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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