Canary Capital Files to Launch Canary SUI ETF, Signaling Potential SEC Submission

Canary Capital has filed to establish a trust entity in Delaware for its proposed Canary SUI ETF—a move that signals a potential SEC submission for regulatory approval.

Canary Capital, the asset manager known for its endeavors in launching altcoin ETFs, has reportedly filed for a trust entity in Delaware. This move paves the way for the creation of Canary SUI ETF, an exchange-traded fund that will invest directly in the Sui (SUI) cryptocurrency.

The move comes after World Liberty Financial, a U.S. bank with $18 billion in assets under management, announced its partnership with the Sui blockchain and plans to add the project’s native crypto asset to its strategic reserve fund “Macro Strategy.”

The partnership will see the bank contribute up to 10% of its capital to the fund, which will be used to invest in SUI.

The digital asset jumped over 10% to $3 following the collaboration announcement. The cryptocurrency, however, did not immediately react to the Canary SUI ETF news.

Canary Capital and Grayscale Investments have been at the forefront of efforts to secure approval for altcoin investment vehicles from the SEC. In addition to SUI-based ETF, Canary also aims for funds that track other digital assets like Litecoin (LTC), XRP, Solana (SOL), and Hedera Hashgraph (HBAR).