Securities and Exchange Commission (SEC) for a SUI-based Exchange-Traded Fund (ETF). This marks the first step toward the official listing of a SUI ETF in the U.S.
public market and is expected to serve as a significant turning point in accelerating Sui's integration into the institutional ecosystem.
This ETF is the first publicly offered financial product that allows direct investment in SUI, the native token of the Sui network.
It has been designed to offer both institutional and retail investors a more familiar way to access Sui. Notably, the ETF provides a means for investing in digital assets through a regulated channel without the need to directly store or manage the assets, thus opening up Sui to a broader range of investors.
Canary Capital's SEC submission signals a growing trust in Sui within traditional finance (TradFi) and highlights Sui's emerging status as a next-generation digital asset infrastructure. If approved, it will mark the creation of the first SUI-focused investment ETF in the U.S. market.
Over the past six months, major financial institutions such as Grayscale, Franklin Templeton, VanEck, and Ant Financial have launched various investment products and projects based on the Sui ecosystem, leading to a sharp increase in global institutional demand for Sui.
These institutions have introduced a range of products, including tokenized funds and exchange-traded notes (ETNs), demonstrating that Sui's blockchain infrastructure, with its limitless scalability, has the potential to become the new standard for global asset transfers.
Meanwhile, as blockchain technology expands into various sectors such as decentralized finance (DeFi), gaming, and enterprise solutions, Sui offers a differentiated infrastructure in terms of high-speed processing, scalability, and security.
In fact, the Sui ecosystem has recently surpassed $70 billion in cumulative trading volume on decentralized exchanges (DEXs), with registered accounts exceeding 67 million.
Canary Capital's ETF application serves as another signal of institutional demand supporting the growth momentum of Sui, demonstrating that Sui's technology and market demand are aligning.
