Canary Capital reportedly filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking layer-1 cryptocurrency Sui.
Canary Capital is expanding its lineup of potential exchange-traded products with a new filing for a spot Sui ETF.
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), the firm is seeking to list and trade shares for an exchange-traded product that will track the layer-1 blockchain token.
The S-1 filing, also called registration of securities, comes after Canary registered a Sui trust in Delaware on March 7 ahead of formal paperwork submitted to the SEC.
A potential spot SUI ETF expands the firm’s existing basket of bids for crypto products on Wall Street. Canaray Capital also filed for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and (XRP) ETF.
Moreover, Canary recently closed a deal with World Liberty Financial, a decentralized finance protocol backed by the 45th and 47th U.S. President, Donald Trump.
As part of the partnership, WLFI will onboard Sui to its token reserves and consider deeper integrations with the layer-1 ecosystem.
The SEC has received a deluge of crypto ETF filings since Bitcoin-friendly Trump took office. Issuers have been encouraged by regulatory changes at the SEC and on Capitol Hill, as Trump urged lawmakers to explore pro-crypto laws and signed an Executive Order to establish the country’s first Bitcoin (BTC) reserve.
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