Canary Capital proposes first Sui ETF in US SEC filing
18 Mars 2025 - 6:58AM
Cointelegraph


Canary Capital has filed its sixth proposed crypto
exchange-traded fund (ETF) with US regulators, this time for one
tracking the spot price of the crypto token Sui.
In a March 17 Form S-1 filing to the
Securities and Exchange Commission, the crypto investment firm
requested to list the Canary SUI ETF, which didn’t include
information on what exchange it would trade on or the proposed
ticker symbol.
The ETF would directly hold Sui (SUI), the native token of the
layer-1 blockchain used for fees and staking, which is the 23rd
largest cryptocurrency with a market value of around $7.36 billion,
per CoinGekco.
Sui is trading up 1.3% over the last day to $2.31 and has gained
7.3% over the week. It has, however, fallen 56.5% from its Jan. 5
all-time peak of $5.35.
Sui’s price over the last 24 hours hit a high of $2.38 but
has since slightly fallen. Source: CoinGekco
Canary had registered a trust in Delaware on March 6 for the
fund, and it must also file a Form 19b-4 with the SEC before the
agency can consider whether to list it for trading.
Canary’s Sui filing is its sixth crypto ETF
bid with the SEC. In the past few months,
it filed for
ETFs tracking Solana (SOL), Litecoin
(LTC), XRP
(XRP), Hedera
(HBAR) and Axelar
(AXL).
The filing comes after Sui said on March 6 that
it partnered
with World Liberty Financial, the crypto platform backed by US
President Donald Trump.
Part of the partnership saw World Liberty include the Sui token
in its so-called “Macro Strategy” token reserve
and explore further product opportunities together.
Related: Hashdex amends S-1 for crypto index ETF, adds
seven altcoins
Trump has promised to relax regulatory enforcement against
crypto, which has sparked a flurry of crypto ETF filings amid
optimism that the SEC under his administration will move to
greenlight them.
The SEC has delayed making
decisions on multiple crypto ETF filings, but Commissioner
Hester Peirce said last month that the agency would
wait until the Senate confirms Trump’s pick to chair the SEC,
Paul Atkins, before
deciding on an agenda for crypto.
A Senate confirmation hearing for Atkins is
reportedly
slated for March 27, having been delayed due to issues with
financial disclosures.
Magazine: Crypto fans are obsessed with longevity and
biohacking — Here’s why
...
Continue reading Canary Capital proposes first Sui
ETF in US SEC filing
The post
Canary Capital proposes first Sui ETF in US SEC
filing appeared first on
CoinTelegraph.
Dogecoin (COIN:DOGEUSD)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Dogecoin (COIN:DOGEUSD)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025