Canary Capital Files with the SEC to Launch an SUI Exchange-Traded Fund (ETF)

This move follows a recent announcement by World Liberty Financial (WLFI), a crypto venture backed by Donald Trump and his sons, stating that it would add Sui assets to its token reserves.

Canary Capital has officially submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) for a SUI exchange-traded fund (ETF). This filing follows the firm's registration of a statutory trust in Delaware, which was made earlier this month.

Earlier in March, Canary Capital registered a statutory trust in Delaware, a step usually taken before an official filing with the SEC is made. The firm will now also need to file a 19b-4 form through the chosen exchange to list the ETF.

Recently, World Liberty Financial (WLFI), a crypto venture backed by former President Donald Trump and his sons, announced that it would be adding Sui assets to its token reserves as part of a partnership with the Sui blockchain.

The company's goal is to explore new product development opportunities while expanding the Macro Strategy fund to include Sui assets. This partnership further strengthens the case for an SUI ETF.

SUI has been gaining attention for its growing user base, with over 70 billion in decentralized exchange (DEX) trading volume and 67 million accounts.

The Sui team has welcomed Canary Capital's ETF filing, seeing it as a significant step in bringing the token to a wider audience.

As the interest in cryptocurrencies continues to grow, we can expect to see more institutional investors and financial institutions, like hedge funds, taking notice of SUI and other major tokens.

This involvement will likely lead to the development of innovative financial products, such as SUI ETFs, to cater to the increasing demand for crypto investments.

Earlier this year, Canary Capital also filed for an ETF that will track the AXL token, which powers the Axelar Network. The firm is known for its focus on registering ETFs for major cryptocurrencies.

So far, Canary Capital has submitted ETF filings for Dogecoin (DOGE), Solana (SOL), and XRP, aiming to diversify its offerings in the crypto investment market.