Canary Capital Files for Sui Spot ETF Registration with US SEC

US asset management firm Canary Capital submitted S-1 documents to the US Securities and Exchange Commission (SEC) on the 17th (local time) to register a Sui (SUI) spot exchange-traded fund (ETF). This is the first step for the SUI ETF to be officially listed on the US public market, and is expected to be an important turning point that will accelerate the integration of the Sui ecosystem into the mainstream financial system.

This ETF is designed as the first publicly offered financial product that allows direct investment in SUI, the native token of the Sui network, enabling institutional and individual investors to access Sui in a more familiar way. If approved, this ETF would become the first SUI spot ETF in the United States.

Over the past six months, major financial institutions including Grayscale, Franklin Templeton, VanEck, and Ant Financial have been introducing investment products and projects based on the Sui ecosystem. With the emergence of new financial products such as tokenized funds and exchange-traded notes (ETNs), Sui is being evaluated as establishing itself as a next-generation virtual asset (cryptocurrency) infrastructure.