Canary Capital Files for SEC Approval of First Sui-Based ETF in U.S.

The filing marks a significant step for Sui blockchain adoption, following World Liberty Financial's decision to add Sui to its reserves.

Canary Capital submitted an S-1 filing to the SEC on March 17, 2025, seeking approval for a Sui exchange-traded fund (ETF).
If approved, the Sui ETF would be the first of its kind in the United States, offering public market exposure to the Sui blockchain's native token, SUI.
The move follows World Liberty Financial's announcement that it would add Sui to its reserves and explore collaborations with the blockchain.
Sui, a Layer 1 blockchain developed by Mysten Labs, has gained traction for its speed and efficiency, with its token maintaining a $7.4 billion market cap.
This filing is Canary Capital's sixth crypto ETF application and reflects the SEC's evolving stance on cryptocurrency investment products under the Trump administration.