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.
In fact, the SEC has received a slew of applications from TradFi giants, including WisdomTree, Bitwise, and 21Shares, to launch ETFs tied to altcoins such as SOL, XRP, and DOGE. The SEC is expected to respond to these applications by October 2025.
If approved, the ETF would be a massive win for SUI as retail interest in the traditional markets could potentially boost its value.
Meanwhile, the SUI token didn’t reflect any notable price action following the news. The asset was trading at $2.32 at press time, as per Kraken’s price feeds. Its market capitalization stood at $7.4 billion.