$SUI
🚀 Canary Capital Files ETF Application for SUI, Price Rises 4.6%!
Great news comes from the crypto world! Canary Capital, a renowned investment asset management company, has officially submitted an application for an Exchange-Traded Fund (ETF) for Sui (SUI) to the United States Securities and Exchange Commission (SEC).
This information was directly confirmed by Bloomberg ETF Analyst, Eric Balchunas, via social media X on Monday (17/03). Canary Capital has submitted an S-1 form to the SEC, indicating a serious step to bring SUI into a broader investment realm.
🔥 Positive Impact on the Market
This ETF filing has directly impacted the price of SUI, which surged 4.6% in the last 24 hours. Now, the price of SUI reaches US$2.35 from previously US$2.25.
Not only that, World Liberty Financial (WLFI) — a crypto project supported by the family of former US President Donald Trump — also announced they will add SUI to their asset reserves. This further strengthens SUI's position in the global market!
💥 Major Move by Canary Capital
Canary Capital is not a new player in the crypto ETF space. Previously, they also filed for ETFs for other popular tokens such as Dogecoin (DOGE), Solana (SOL), and XRP. This move showcases their big ambitions to expand their reach in the digital asset market.
This ETF application could be a significant boost for the SUI ecosystem and attract more institutional investors into the crypto world.
🚀 Is This a Bullish Sign for SUI?
With the ETF application and support from major players like WLFI, SUI has the potential to soar even higher. Is this the right time to start looking at SUI?
Keep an eye on the latest developments, as the crypto world is always full of surprises!
👉 Do you believe SUI will continue to skyrocket? Share your thoughts in the comments!