Canary Capital Files S-1 Form with the SEC for a Sui Exchange-Traded Fund (ETF)

According to a blog from the Sui Foundation, the SEC has acknowledged the filing, which it noted was a “critical early step” in the approval of the ETF.

Canary Capital has filed an S-1 form with the US Securities and Exchange Commission (SEC) for a Sui (CRYPTO: SUI) exchange-traded fund (ETF) as interest in the space continues to grow.

According to a blog from the Sui Foundation, the SEC has now acknowledged the filing, which it said was a “critical early step” in the approval of the ETF.

The March 17 Sui ETF filing is the latest from Canary Capital, which has also filed for Hedera, Litecoin and XRP ETFs to be listed with the SEC. The new filing follows a regulatory change within the agency after the re-election of US President Donald Trump last November.

Since then several organizations have been filing S-1 and 19b-4 forms to track and list crypto ETFs.

Joining WLFI

The Sui Foundation added: “This momentum is directly attributable to Sui’s technological edge, recently seen in a flurry of activity from institutional builders and products, exceeding $70 billion in decentralized exchange (DEX) volume and amassing over 67 million accounts. The Canary Capital ETF filing is the latest indication of this trajectory, as institutions continue to recognize the advantages of Sui’s technology.”

News of the Canary Capital filing for a Sui ETF is also significant as the Trump-backed World Liberty Financial platform (WLFI) announced last week it would be adding Sui assets to its token reserve.

Evan Cheng, co-founder and CEO of Mysten Labs, the original contributor to Sui, said: “We believe that the combination of Sui’s technology and WLFI’s ambitions could help to redefine how the world stores and uses assets.”

The move for a Sui ETF comes after the crypto fund manager filed a trust entity in the state of Delaware on March 6. The next step for Canary Capital is to file a 19b-4 form with the SEC.