Canary Capital Files S-1 For SUI ETF With US SEC

Asset manager Canary Capital has filed the S-1 form for its SUI ETF with the US Securities and Exchange Commission (SEC). This comes just a week after the firm filed in Delaware to incorporate the fund.

Canary Capital Files For SUI ETF With US SEC

In an X post, Bloomberg analyst Eric Balchunas revealed that Canary Capital has just filed the S-1 form for its SUI ETF with the US SEC. This filing comes just after the asset manager filed to incorporate the fund in Delaware a week ago. This provides a bullish outlook for the SUI price, which is already eyeing a rally to as high as $7, which will mark a new ATH for the crypto.

Canary Capital becomes the first asset manager to file for a fund that will provide institutional investors access to SUI. Meanwhile, the firm already filed to offer an XRP, Hedera, and Solana ETFs. Last week, the asset manager filed an S-1 with the SEC to launch an ETF tracking Axelar’s AXL token.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

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