Canary Capital Files for SUI ETF With SEC
Canary Capital has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a SUI exchange-traded fund (ETF). This could be a game-changer, making SUI crypto more accessible to mainstream investors. The filing comes just days after World Liberty Financial, a group linked to President Donald Trump, added SUI to its reserves. If approved, this would be the first-ever SUI ETF in the U.S., a big step toward bringing more crypto options to Wall Street.
SUI Crypto Price Jumps After ETF News – What’s Next?
As soon as the news broke, SUI’s price saw a quick 0.86% jump, now trading at $2.31. Its market cap also grew by 1.07% to $7.34 billion, and trading volume surged by a massive $780.7 million. This shows that investors are already getting excited about the ETF filing and what it could mean for SUI’s future.
SEC’s Crypto Stance Shifts Under Trump Administration
Lately, the SEC has been slow in approving crypto ETFs, delaying decisions on XRP, Solana, Litecoin, and Dogecoin. But under President Trump’s administration, things seem to be shifting toward a more crypto-friendly approach. Even with the delays, major financial players are not backing down. Just recently, Franklin Templeton filed for an XRP ETF, and VanEck submitted an application for an Avalanche ETF. Canary Capital’s move with SUI shows that investors see big potential in crypto ETFs.
Canary Capital’s Expanding Crypto ETF Portfolio
This isn’t Canary Capital’s first crypto ETF move. Over the past few months, they have filed for Litecoin, Hedera, and Solana ETFs. Earlier this month, they also submitted an application for an Axelar ETF. With their latest push for a SUI ETF, it’s clear they believe in the future of digital assets and are working to bring more investment options to the market.
Future Outlook: Is SUI Crypto a Good Investment?
Sui Network is a fast and efficient blockchain, built by former Meta engineers. It’s designed for things like gaming and high-speed transactions, making it an interesting choice for developers. CoinGabbar crypto experts suggest that with growing institutional interest, a strong developer base, and a possible ETF approval, SUI could be a solid long-term investment. But as always, crypto investments come with risks, and market conditions can change quickly.
Final Thoughts – A Turning Point for Crypto ETFs?
Canary Capital’s SUI ETF filing is another sign that crypto is moving toward mainstream adoption. With a changing regulatory landscape and increasing interest from big financial players, the crypto market could be on the edge of something big. CoinGabbar crypto enthusiasts believe this could be just the beginning, and investors should stay alert for the next big move in the space.
from Coin Gabbar News https://ift.tt/oP9viy2
via IFTTT
