Canary Capital has submitted paperwork at Securities and Exchange Commission (SEC) to launch a stock-gone fund (ETF) that tracks the price of SUI (SUI), a LAG-1 blockchain.
On Monday, the Hedge Fund Manager presented an S-1-archiving at SEC after previously registering a trust unit in the part Delaware-March 7, appeared at the State Department of Companies.
Canary Capital has submitted several crypto ETF archives for Securities and Exchange Commission (SEC) in recent months, including Dogecoin (DOGE), SOLANA (SOL) and XRP.
The decision to launch a SUI ETF comes 10 days after Trump-affiliated decentralized funding (DEFI) Platform World Liberty Financial (WLFI) said it would add Sui assets to its tokenreserve and explore product development opportunities.
Sui jumped on the news and currently traded at $ 2.34. While the token has risen over 52% over the past 12 months and zooms in in the last month, it’s down about 31%.
Canary Capital is now expected to submit a 19B-4 document to SEC, making its plans for a Sui-Fond official.
