The event of the SEC starting to evaluate Canary Capital's SUI spot ETF marks an important step, opening up opportunities for this Token to access a larger financial market.
The SEC's official filing into the review phase shows seriousness in evaluation, although approval is not guaranteed. New movements regarding the ETF and futures market data further clarify SUI's appeal.
MAIN CONTENT
The SEC has begun the review process for Canary Capital's SUI spot ETF filing.
21Shares is also joining the game with a SUI ETF proposal, indicating growing institutional interest.
Futures data with 1.2 billion USD open interest reflects the strong upward momentum of SUI.
What does the SEC's initiation of reviewing the SUI ETF filing mean?
The SEC has officially initiated the 'institution of proceedings' phase for Canary Capital's SUI spot ETF filing, marking an official move to bring this Token under stricter regulatory oversight.
This phase means the filing has come under the SEC's 'radar' after a prolonged delay. While approval is not guaranteed, this is a signal that the SEC is seriously considering this proposal, increasing the chance to expand access to traditional financial markets.
Why are many asset companies starting to pay attention to SUI ETF?
21Shares is one of the major asset management companies that has submitted a SUI ETF proposal, working directly with the Sui network to expand access for institutional investors.
The recent consecutive filings show increasing confidence in SUI's potential in the ETF industry. This is also one of the few altcoins being considered for inclusion in the ETF channel, a sign of this Token's remarkable development.
How has SUI made its way into top ETF funds?
SUI has been added to the Bitwise Crypto Index ETF, a fund comprising several major cryptocurrencies such as Bitcoin, Ethereum, and XRP. Although this fund has not officially launched, SUI's selection proves strong interest from institutional investors.
What does the futures market data show about SUI's price momentum?
According to a report from Glassnode, SUI currently has a record open interest in futures markets of 1.2 billion USD, ranking sixth among cryptocurrencies with the highest open positions, only behind Bitcoin, Ethereum, Solana, XRP, and DOGE.
This data shows that liquidity and investment demand for SUI are rapidly increasing, reinforcing the position of this Token in the cryptocurrency derivatives market.
SUI’s surge in futures open interest indicates heightened institutional engagement, positioning it among crypto market leaders.
Glassnode Report, 2025
What are the key price levels to watch for SUI?
Currently, SUI is trading around 3.95 USD, holding above the 200-day moving average at 2.73 USD. The RSI is at about 66, indicating price strength but still room for further increase.
Cryptocurrency expert Scient states that SUI is in the process of forming a new price base, likely to break out in August. If it successfully surpasses the 4.00 USD resistance level, the next price target lies in the 4.20 – 5.00 USD range, and if the ETF is approved, the price could head toward 5.50 – 6.00 USD.
$SUI is building a foundation for the next upward phase, which may challenge ATH highs in August.
Scient, Cryptocurrency Analyst, 22/7/2025
What’s next for SUI after these advancements?
This is a pivotal moment for the Sui ecosystem. With two parallel ETF filings and positive technical data and futures market activity, SUI attracts attention from both institutional and individual investors.
The SEC's next move is seen as a directional signal for SUI's price movement and market appeal. This action significantly impacts the future development of the Token.
Frequently Asked Questions
What does it mean for the SEC to start reviewing the SUI ETF?
The SEC's filing into the official processing phase shows seriousness in the review, creating a significant step for SUI to access the mainstream financial market.
Who leads the SUI ETF game, 21Shares or Canary Capital?
Two companies participating together bring signs of increasing confidence in SUI. Canary Capital is noted for the filing that has been officially processed by the SEC.
What does the futures market data say about SUI?
The open interest figure of 1.2 billion USD reflects the strong attraction of the market and many institutional investors' interest in SUI.
How important is the 4.00 USD price level for SUI?
This is a key resistance threshold; if surpassed, it will pave the way for the next upward trend with a price target from 4.20 to 5.00 USD, even higher if the ETF is approved.
What will determine SUI's success in the near future?
ETF approval from the SEC, technical strength, and futures market activity are key factors that will help SUI grow stronger.
Source: https://tintucbitcoin.com/sui-etf-duoc-sec-xem-xet-tang-gia/
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