Cboe BZX Exchange Files to List Canary Capitals SUI ETF
Stock exchange Cboe BZX Exchange has filed with the U.S. SEC to list the Canary SUI ETF from asset manager Canary Group LLC.This filing, submitted under Form 19b-4, represents a major initial step in introducing the SUI token to regulated ETFs. This development follows Canary Capital's filing of a registration statement for the SUI ETF with the SEC in March.Now, Cboe BZX Exchange has submitted an updated filing on behalf of the firm to list the product. Notably, the proposed Canary SUI ETF will allow investors to gain exposure to the SUI crypto asset, the 18th-largest token with a market capitalization of $6.5 billion.If approved, this ETF would be one of the first financial products to provide direct spot market exposure to SUI, the native token of the Sui blockchain ecosystem.https://twitter.com/thecryptobasic/status/1909607800105292038SUI Price ReactsRemarkably, this updated filing coincides with a notable rebound in the market price of SUI. At press time, the token is up 2%, trading at $2.02, although it is still recovering from a significant seven-day loss of 20%.
Text source: The Crypto Basic
