#SUI SEC Advances SUI ETF Review — What It Could Mean for the Token

The SUI token may be heading for a pivotal moment as regulatory attention intensifies.

The U.S. Securities and Exchange Commission has launched formal proceedings to assess Canary Capital’s spot ETF proposal—a move that has ignited speculation about the token’s near-term trajectory.

Canary’s application, first submitted months ago, had been idling in limbo until now. Its progression into the SEC’s official review pipeline suggests growing seriousness about listing a SUI-backed exchange-traded fund. But the competition is heating up—21Shares has entered the picture too, teaming up with the Sui Network in an effort to bring its own SUI ETF to market.

While no final verdict has been issued, the back-to-back filings have turned heads across the crypto sector. Traders are now watching closely, betting that a regulatory nod could unlock fresh capital inflows and boost SUI’s visibility among mainstream investors.

Adding to the buzz, SUI has already secured a spot in the Bitwise Crypto Index ETF, which features a lineup of major tokens like Bitcoin and Ethereum. Although that fund awaits launch clearance, its inclusion of SUI reinforces the asset’s growing institutional appeal.

On the technical front, things are looking up. Open interest in SUI futures has jumped to $1.2 billion—putting it just behind top-tier tokens in the derivatives market. Analysts have also pointed out that SUI is building a strong support base and trading comfortably above its 200-day moving average. With the price approaching the $4 mark and momentum accelerating, bullish targets between $4.20 and $6 are now on the radar—especially if ETF approval becomes reality.