Canary Capital Files for First Sui ETF in the US Amid Growing Interest

On March 17, Canary Capital Group filed with the SEC for a Sui exchange-traded fund (ETF), potentially paving the way for the first Sui ETF in the United States. This move follows World Liberty Financial's plans to include SUI in its strategic reserves. Canary Capital CEO Steven McClurg highlighted the influx of developers into the SUI ecosystem, noting its speed and efficiency. While Sui investment products exist, such as Grayscale's Sui Trust launched in August 2024, a Sui ETF would be publicly traded and accessible to all investors. The "Canary Sui ETF" was initially registered on March 6. Sui, a Layer 1 blockchain by Mysten Labs, boasts a $7.4 billion market capitalization, with its token price reaching $2.35, up 3.15% in the last 24 hours as of publication.