#noticiascripto 🚨🔥The U.S. Securities and Exchange Commission (SEC) has moved forward with the proceedings regarding the exchange-traded fund (ETF) application for SUI by Canary, formally launching a review process that could eventually lead to the first ETF listed in the U.S. linked to SUI.

Canary Funds initially submitted its proposal to launch the ETF on March 17, 2025. The Cboe BZX Exchange followed with a proposed rule change to list and trade shares of the fund, officially called the Canary SUI ETF, under the Commodity-Based Trust Shares segment. The filing appeared in the Federal Register on April 25, starting the public comment period.

The regulatory development has not impacted the token price, which is consolidating around $3.87, a 0.4% decrease from its level 24 hours ago, at the time of this publication. Despite its negative intraday performance, SUI has still risen 53% in the last 30 days according to data from Coingecko.