Canary Capital has included the layer-1 blockchain token Sui in its roster of potential exchange-traded funds (ETFs).
Reports indicate that Canary Capital has submitted the necessary documentation to the U.S. Securities and Exchange Commission (SEC) to create and trade shares in a spot exchange-traded product that tracks the layer-1 cryptocurrency Sui (SUI).
The S-1 filing, which functions as a registration of securities, follows Canary’s establishment of a Sui trust in Delaware on March 7, prior to filing the formal paperwork with the SEC.
Introducing a spot SUI ETF broadens the company’s current array of cryptocurrency investment opportunities on Wall Street. Canary has also put forth proposals for ETFs associated with Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP.
Additionally, Canary recently secured a collaboration with World Liberty Financial, a decentralized finance protocol backed by Donald Trump, the 45th and 47th U.S. President. As part of this partnership, WLFI plans to add Sui to its token reserves and explore further integration within the layer-1 ecosystem.
Since Trump’s presidency began, the SEC has been inundated with crypto ETF filings. The easing of regulatory restrictions at the SEC and on Capitol Hill has motivated issuers, as Trump has encouraged legislators to pursue pro-crypto legislation and issued an Executive Order aimed at establishing the nation’s first Bitcoin (BTC) reserve.