Canary Capital files for SUI ETF

     Canary Capital is the first ETF firm to file for an SUI ETF, filing with the US SEC on Monday, March 17, 2025. This is a Donald Trump effect, Canary Capital has applied for the SUI ETF after Donald Trump's World Liberty Financial announced plans to include SUI in its strategic reserves.

SUI investment expands with ETF

     SUI investment products already exist, such as the Greyscale SUI Trust, which was introduced by Greyscale Investments in August 2024. Investors and the industry are now focussing more on SUI. If the SUI ETF is approved, it will trade on public stock markets, creating new Crypto-Wall Street prospects.

New strategies and market reaction

     SUI is available to all investors, therefore new strategies could be launched. It will be interesting to observe how the market reacts to the SUI token, especially given that Bitcoin ETF and Ethereum ETF already exist and their markets are still volatile. It is also unlikely that SUI will see a strong bull run.

Originally Published at Wubits