Canary Capital Applied to the U.S. Securities and Exchange Commission (SEC) for a Sui ETF

Crypto investors may soon have another exchange-traded fund (ETF) option. Read on to learn more.

Canary Capital has applied for approval of a new exchange-traded fund (ETF) that would provide exposure to Sui (SUI) cryptocurrency. The filing was made with the U.S. Securities and Exchange Commission (SEC) on Friday, March 17.

The ETF, which is being tracked by Canary Capital, will allow investors to gain exposure to the cryptocurrency without having to buy, sell, or manage any tokens directly. It will also provide a simple way for mainstream investors to invest in crypto.

The application also mentions that the fund intends to hold SUI tokens in order to enable investors to follow and participate in any price movements in the cryptocurrency. It is being listed on an undisclosed exchange and does not yet have a ticker assigned to it.

The development comes as crypto investors eagerly await the SEC’s decision on several spot Bitcoin ETF applications, which have been pending for months.

The agency has been slow to approve any crypto products despite growing demand. It has already approved several futures-based ETFs, which are linked to Bitcoin futures contracts traded on a U.S. exchange.

Earlier this week, it was reported that the SEC will likely keep postponing regulatory action until Paul Atkins is confirmed by the Senate for the position of SEC Chair.

The news comes amid increasing interest in cryptocurrencies among institutional investors. Earlier this month, President Donald Trump-backed crypto platform World Liberty Financial partnered with the tokenized ecosystem of the Stanford blockchain research lab to launch a new initiative focused on Hedera (HBAR).

The partnership aims to integrate the strengths of both platforms to introduce a next-generation crypto ecosystem.

The firm is also applying for an ETF that would provide exposure to Solana (SOL). It has already filed for applications for an ETF to track Litecoin (LTC), XRP, Hedera (HBAR), and Axelar (AXL).

The applications are still pending approval from the SEC, which must review them and approve Form 19b-4 before the ETF can be listed and begin trading on an exchange.