Canary Capital Apply for SUI ETF Registration with the SEC

• Canary Capital registers first SUI ETF with the SEC.
• SUI prepares to enter global markets with institutional support.
• TradFi increases cryptocurrency engagement through Sui.

Canary Capital has taken a significant step into the cryptocurrency market by register officially filed its SUI ETF with the U.S. Securities and Exchange Commission (SEC). This strategic move came a week after the company filed to incorporate the fund in the state of Delaware, marking a period of intense expansion for the asset manager.

This groundbreaking listing promises to bring SUI, an emerging cryptocurrency, directly onto the radar of institutional investors, offering a new avenue of investment through an ETF. In doing so, Canary Capital not only diversifies its product offering, but also establishes itself as an innovator in the traditional financial sector.

Canary Capital just filed for the first-ever SUI-based ETF in the US, signaling growing institutional interest in the Sui ecosystem.

If approved by the SEC, it would offer retail and institutional investors direct, regulated exposure to SUI. Another major milestone for… 

— Christian Thompson (@web3crusadr) March 17, 2025

The firm has also recently made moves to launch ETFs focused on other popular cryptocurrencies, such as XRP, Hedera, and Solana. Additionally, the asset manager made a splash by filing a fund with the SEC to track the Axelar platform’s AXL token, demonstrating its commitment to covering a diverse spectrum of digital assets.

The team behind SUI expressed excitement about the ETF listing, noting that it represents a significant step forward for the coin in the global market. “This development is a major step towards bringing SUI to the public markets,” the team commented, highlighting the coin’s growth potential amid impressive trading volume and growing interest from institutional investors.

The Sui Foundation also reacted positively, interpreting the listing as a sign of confidence from the traditional finance (TradFi) sector in the cryptocurrency, which promises to be the “next layer of global coordination for assets.” Major TradFi names such as Grayscale, Franklin Templeton, VanEck and Ant Financial have already launched products and investment initiatives focused on the Sui network, ranging from tokenized funds to exchange-traded notes (ETNs).

At the time of publication, the price of SUI was quoted at US$2,37, up 6% in the last 24 hours.