Canary Sui ETF Nears US Launch

Cboe Advances Canary’s SUI ETF Proposal with SEC Filing

• Cboe has filed paperwork with the SEC for a SUI exchange-traded fund (ETF) by Canary Capital.
• The SUI blockchain, launched in May 2023, is a layer-1 network competing with Ethereum and Solana.
• SUI’s current trading price is $1.98, with a market cap of $6.4 billion, ranking it as the 22nd largest cryptocurrency.
• Canary Capital has also filed for ETFs related to Pudgy Penguins, Solana, and XRP.
• The SUI network was developed by former Facebook engineers and uses proof-of-stake consensus.

Cboe’s filing with the SEC marks a significant step in advancing Canary Capital’s plans for launching a SUI ETF, which aims to offer investors exposure to the asset without direct ownership.