🚨SEC receives application for the first Sui ETF ever 🚨
The US Securities and Exchange Commission (SEC) has received an application from Canary Capital Group to list a Sui exchange-traded fund (ETF). It is the first-ever S-1 application for an ETF linked to Sui in the country.
Notably, Sui Foundation shared a blog post on March 6 as per which it was exploring collaboration with World Liberty Financial, a decentralized finance protocol backed by the Trump Family. As per the post, the crypto venture has “plans to include Sui assets in “Macro Strategy,” its strategic token reserve designed to bolster leading projects.”
“We are very excited to work with Sui and explore the innovative opportunities this collaboration presents,” the President’s son and World Liberty Financial ambassador Eric Trump had remarked.
Canary Capital Group is an institutional crypto asset trading and management firm that has already submitted filings with the SEC to launch five other crypto ETFs, namely Litecoin, Hedera, Axelar, XRP, and Solana.
If approved, the ETF would be a massive win for SUI as retail interest in the traditional markets could potentially boost its value.
