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Canary Capital has filed for a proposed Sui ETF (exchange-traded fund) with the US Securities and Trade Fee (SEC).
In a March 17 Type S-1 submitting with the US regulator, the crypto funding agency requested to checklist the Canary SUI ETF. The submitting didn’t embody data relating to which alternate the proposed ETF can be traded on or what its proposed ticker image can be.
SUI ETF Submitting Is Canary Capital’s sixth Proposed Crypto ETF
The Canary SUI ETF is the sixth crypto fund proposed by the funding agency. In the previous few months, the corporate has additionally submitted proposals for ETFs monitoring Solana, XRP, Litecoin, Hedera and Axelar.
That’s after US President Donald Trump mentioned that he plans to chill out regulatory enforcement in opposition to the digital asset area. This promise has led to a flurry of recent crypto ETF filings with the SEC. Nonetheless, the SEC has chosen to delay making selections on a number of crypto ETF filings.
Commissioner Hester Pierce mentioned in February that the US regulator is ready for Senate affirmation of President Trump’s decide for SEC Chair, Paul Atkins, earlier than shifting ahead with its crypto agenda.
After a number of delays resulting from points regarding monetary disclosures, a Senate affirmation for Atkins is reportedly set for March 27.
Submitting Comes After SUI Introduced Partnership With Trump’s World Liberty Monetary
Canary’s Sui ETF submitting comes lower than 2 weeks after SUI introduced on March 6 that it partnered with the Trump household’s World Liberty Monetary. As a part of the partnership, the DeFi platform has included the Sui token in its “Macro Technique” token reserve.
🚨 BREAKING — we’re extraordinarily excited to announce a partnership with @worldlibertyfi, a Donald J. Trump-inspired pioneering DeFi protocol, rooted in a shared imaginative and prescient for a extra open and clear monetary world.
As a part of this collaboration:💥 WLFI will embody SUI of their… pic.twitter.com/7J1gB0EbS4
— Sui (@SuiNetwork) March 6, 2025
SUI’s value skilled a minor uptick within the final 24 hours to commerce at $2.29 as of two:08 a.m. EST. This achieve added to the crypto’s optimistic weekly efficiency, which presently stands at greater than 5% within the inexperienced, based on CoinMarketCap information.
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