Canary Capital has submitted documents with the Bag and Securities Commission (SEC) to launch a background quoted by the exchange (ETF) that tracks the price of SUI (SUI), a layer of layer 1 blocks.
The administrator of the Coverage Fund presented on Monday a presentation S-1 before the SEC after previously registering a fiduciary entity in the state of Delaware, on March 7, which appeared on the website of the State Corporations Division.
Canary Capital has presented several presentations of Criptographic ETF before the stock and values commission (SEC) in recent months, even for Dogecoin (Doge), Solana (Sun) and XRP, among others.
The decision to launch an ETF Sui occurs 10 days after the Decentralized Finance Platform (DEFI) affiliated with Trump, World Liberty Financial (WLFI), said it would add SUI assets to its tokens reserve and explore product development opportunities.
Sui got into the news, currently quoting $ 2.34. Although the Token has increased more than 52% in the last 12 months, expanding last month, it has decreased approximately 31%.
Now that Canary Capital is expected to present a 19B-4 document before the SEC, making its plans for an sui fund official.
