#SUIETFcoming? The asset management company Canary Capital has caused a stir in the cryptocurrency world by filing an S-1 application with the SEC to launch the first Sui ETF in history. This bold move follows the previous registration of the Sui Trust in Delaware, paving the way for an ETF that will give investors access to SUI, the native token of the innovative Layer-1 Sui blockchain network.

This groundbreaking application is submitted at a time when the SEC has postponed decisions on several altcoin ETF applications, leaving many investors awaiting alternative options. In particular, SUI recorded a 6% jump following the announcement, with weekly profits rising to double digits, signaling strong market interest and growing momentum for the token.