Canary Capital Proposes Sui ETF, Expanding Crypto Investment Options
Canary Capital has introduced Sui (SUI) to its list of potential exchange-traded funds (ETFs). the firm recently filed documents with the U.S. Securities adn Exchange Commission (SEC) to list a spot ETF for the layer-1 blockchain token.
This move comes after Canary registered a Sui trust in Delaware on March 7. The S-1 filing, which registers securities, is a step toward offering SUI ETF shares on the market. This addition broadens Canary’s crypto ETF portfolio, which already includes bids for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP.
Canary Capital has also partnered with World Liberty Financial (WLFI), a decentralized finance protocol supported by former U.S. Presidents Donald Trump and Joe Biden. WLFI will include Sui in its token reserves and explore further integration with the Sui ecosystem.
The SEC has seen a surge in crypto ETF filings since Bitcoin-pleasant Trump took office. Regulatory changes and pro-crypto laws have encouraged issuers. Trump signed an Executive Order to create the country’s first Bitcoin reserve, further boosting the crypto market.
These developments signal growing acceptance of cryptocurrencies in traditional finance. Investors can now look forward to more diversified and accessible crypto investment options.
