- Canary Capital Registered SUI ETF in Delaware
- They did so after WLF announced a partnership with SUI
Canary Capital filed to establish a trust for an SUI-based ETF in Delaware, moving toward becoming the first fund to offer a Sui-based ETF in the US.
More About Canary Capital’s Efforts to Launch ETFs
Canary Capital is one of the most active who is looking to launch crypto ETFs, and importantly not only the most obvious fillings like Canary Capital LTC ETF, Canary Capital XRP ETF, Canary Capital SOL ETF, and the very important Canary Capital HBAR ETF. For example, Canary Capital has filed an S-1 registration with the SEC for the Canary AXL ETF.
However, the case of SUI is fascinating because we saw this filing after World Liberty Financial announced its partnership with blockchain Sui and plans to add it to its Macrostrategy Strategic Reserve Fund.
And while SUIs are not among the key assets listed by Donald Trump for a nationwide crypto reserve – the expansion of ETFs goes beyond them, such as what we’ve seen with the Bitwise Aptos ETF, which is based on Aptos, which could eventually compete with Ethereum.
However, this is only the first step, and Canary Capital still has further steps to take in order to register and be approved by the SEC, which we will be watching closely.
Conclusion
In summary, SUI could be a key position and perhaps this has been one of the long-term reasons for Canary Capital seeking to become the first SUI ETF. Be aware and stay tuned for updates on the rapidly evolving regulations and crypto landscape.
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