Following the assumption of office by Trump, who favors cryptocurrencies, the U.S. Securities and Exchange Commission saw a surge in requests for cryptocurrency ETFs. Issuers were inspired by Trump’s encouragement of legislators to investigate crypto-friendly legislation and his signing of an executive order establishing the nation’s first Bitcoin (BTC) reserve, as well as regulatory changes from the SEC and Capitol Hill.
In addition, Canary Capital recently reached a deal with World Liberty Financial, a decentralized financial protocol supported by former U.S. President Donald Trump. WLFI will incorporate Sui into its token reserves as part of the partnership and explore closer integration with the Layer-1 ecosystem.
A prospective spot SUI ETF broadens the company’s current range of crypto product offers on Wall Street. Canary Capital has also submitted applications for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP ETFs.
The S-1 filing, also known as securities registration, is a formal submission to the SEC following Canary Capital’s registration of the Sui Trust in Delaware on March 7.
According to reports, Canary Capital has petitioned the U.S. Securities and Exchange Commission (SEC) to list and trade a spot exchange-traded product that monitors Layer-1 cryptocurrency Sui (SUI). Bitcoin Profitability Stress Reaches Levels Last Seen in September 2024
Canary Capital has included Layer-1 blockchain token Sui on its list of possible ETFs.
