Markets, ETF, Sui The transfer comes after World Liberty Financial stated it could add Sui belongings to its token reserve earlier this month.
Canary Capital has submitted paperwork with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) monitoring the worth of Sui (SUI), a layer-1 blockchain.
The hedge fund supervisor on Monday submitted an S-1 submitting with the SEC after beforehand registering a trust entity within the state of Delaware — on March 7 — which appeared on the state’s Division of Corporations web site.
Canary Capital has filed a number of crypto ETF filings with the Securities and Exchange Commission (SEC) in latest months, together with for Dogecoin (DOGE), Solana (SOL) and XRP, amongst others.
The choice to launch a SUI ETF comes 10 days after Trump-affiliated decentralized finance (DeFi) platform World Liberty Financial (WLFI), stated that it would add Sui assets to its token reserve and discover product improvement alternatives.
SUI jumped on the information, at the moment buying and selling at $2.34. While the token is up over 52% over the previous 12 months, zooming into the previous month, it’s down about 31%.
Canary Capital is now anticipated to file a 19b-4 doc with the SEC, making its plans for a SUI fund official.
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