Canary Capital has just filed a new proposal with the SEC to launch an ETF that tracks the spot price of the Sui token.
On March 17, the company filed a Form S-1 with the US Securities and Exchange Commission to list the Canary SUI ETF, although no details on the trading exchange or ticker were provided.
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The ETF plans to directly hold Sui, the native layer 1 blockchain token used for fees and staking.
Canary formed a Delaware trust for the fund on March 6 and has to file a Form 19b-4 with the SEC for listing approval.