Canary Capital on Monday filed an S-1 registration statement with the US SEC for a spot ETF tracking SUI, the native token of the Sui Network.
The new filing comes after the asset manager registered a statutory trust for the SUI ETF in Delaware on March 6, a move that typically precedes the SEC submission. Canary Capital must also submit a 19b-4 filing through the chosen exchange for the ETF listing.
Canary’s push for an SUI ETF started after World Liberty Financial (WLFI), the crypto venture endorsed by Trump and his sons, announced its partnership with the Sui blockchain to develop new products. The team also plans to include Sui assets in its Macro Strategy fund.
CoinGecko data showed SUI’s value jumped by more than 10% following the partnership disclosure. The release of Canary Capital’s S-1 form led to an approximate 3% rise in the digital asset’s price.
Canary Capital is also pursuing other crypto ETF offerings. The firm submitted an S-1 registration for an ETF tracking the AXL token, which powers the Axelar Network. The move is part of their strategy to offer institutional-grade access to interoperability-focused crypto assets.
The company is also exploring the possibility of launching funds tracking other digital assets including Litecoin, XRP, Solana, and Hedera. Canary’s Litecoin ETF has appeared on the Depository Trust and Clearing Corporation under the ticker LTCC.
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