🏦 Canary Capital presents #ETF of Sui before the SEC

Canary Capital, a firm investing in digital assets, has submitted an application to the SEC to launch the first ETF linked to the price of Sui, a cryptocurrency from the Sui network. This ETF would provide investors with direct exposure to Sui, the native token of the Sui blockchain.

The application was submitted in the form of an S-1 form, but it has not yet been specified on which exchange it would be listed or the ticker. Additionally, it is highlighted that this move could accelerate institutional adoption of cryptocurrencies in traditional markets.

This step comes after a collaboration with World Liberty Financial, which will include Sui in its token reserve, potentially facilitating the approval of the ETF.