🚨 **First ETF Application Filed for Altcoin in #TRUMP's Project Reserve Plan!** 🚨
Cryptocurrency investment firm **Canary Capital** has submitted an application to the U.S. Securities and Exchange Commission (SEC) for an **exchange-traded fund (ETF)** designed to track the price of **Sui ($SUI)**.
On Monday, the U.S.-based hedge fund manager filed an **S-1 registration** with the SEC. This move follows the company's recent registration of a Delaware-based entity on March 7. The filing is seen as part of a broader trend of expanding ETF applications to cover a wider range of assets in the cryptocurrency markets.
In recent months, Canary Capital has been actively investing in ETFs for several prominent cryptocurrencies, including **Dogecoin (DOGE)**, **Solana (SOL)**, and **Ripple (XRP)**. Its latest focus on the **Sui network** has now sparked significant market interest.
The timing of this filing is particularly noteworthy, as it comes just **10 days after** **World Liberty Financial (WLFI)**, a DeFi platform associated with former U.S. President **Donald Trump**, announced its decision to add **SUI assets** to its reserves and explore product development opportunities.
Canary Capital is expected to continue working with the SEC to formalize its transactions throughout the process.
