Canary files S-1 for Sui spot ETF
Key Takeaways
- Canary Capital filed for a spot ETF tracking SUI with the SEC.
- The ETF could increase SUI’s liquidity and market capitalization.
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Canary Capital filed an S-1 registration statement with the US SEC for a spot ETF tracking SUI, the native token of the Sui Network.
The asset management firm registered a statutory trust for the SUI ETF in Delaware on March 6, 2025, preceding the SEC filing. Canary Capital must also submit a 19b-4 filing through the chosen exchange for the ETF listing.
The filing follows a partnership between Trump-backed World Liberty Financial and the Sui blockchain, which included SUI in WLFI’s Macro Strategy reserve. SUI prices rose more than 10% after the partnership announcement.
Canary Capital is also pursuing other crypto ETF offerings, having filed an S-1 registration for an Axelar (AXL) ETF. The firm is exploring funds tracking other digital assets including Litecoin, XRP, Solana, and Hedera.
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Author: Vivian Nguyen
