Canary Capital has submitted documents to the U.S. Securities and Exchange Commission (SEC) to launch an Exchange-Traded Fund (ETF) for the digital currency Sui. This company has recently filed several ETF applications for various digital currencies like Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) with the SEC. Canary Capital submitted documents to the SEC for launching an ETF tracking the price of Sui to be traded on the stock exchange. This fund manager sent an S-1 file to the SEC on Tuesday following the registration of a trust entity in Delaware on March 7, visible on the state’s corporate registration website. Canary Capital has made multiple ETF requests for different digital currencies to the SEC in recent months, including for Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and several other digital currencies. The decision to launch an ETF for the digital currency Sui was made ten days after DeFi World Liberty Financial (WLFI), associated with Donald Trump, announced adding Sui assets to its token reserves and exploring product development opportunities. Market reaction to this news boosted the price of Sui, currently trading at $2.34. Although this token has grown over 52% in the past 12 months, it experienced a 31% decrease in the last month. Next steps involve Canary Capital presenting a 19b-4 document to the SEC to officially declare its plans for launching the Sui fund.
