Thomas Daniels
The layer-1 blockchain token Sui (SUI) has been formally added to Canary Capital’s expanding array of cryptocurrency exchange-traded fund (ETF) applications. In order to establish and trade shares of a spot ETF that tracks the Sui cryptocurrency, the company has submitted paperwork to the U.S. Securities and Exchange Commission (SEC).
Prior to filing the official S-1 registration for shares, Canary Capital registered a Sui trust in Delaware on March 7. This action comes after that. In addition to earlier submissions for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP (XRP), Sui’s addition broadens the company’s drive into cryptocurrency ETFs.
Through its recent engagement with World Liberty Financial (WLFI), a blockchain-based financial technology supported by former US President Donald Trump, Canary Capital has expanded its involvement in decentralized finance (DeFi) beyond ETF applications. In accordance with this agreement, WLFI will incorporate Sui into its token reserves and investigate potential opportunities for additional cooperation within the Sui ecosystem.
Crypto ETF filings to the SEC have increased, especially since Trump took office again. His administration has adopted a pro-crypto posture, signing an Executive Order creating the first U.S. Bitcoin reserve and asking lawmakers to create rules that support it. Issuers like Canary Capital are now pursuing a variety of digital asset investment solutions as a result of this legislative change.
