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.

Canary Officially Files for #SUI ETF with CBOE. pic.twitter.com/Kc8czGRvR7

— TheCryptoBasic (@thecryptobasic) April 8, 2025

SUI Price Reacts

Remarkably, 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%.

Notably, the Trust disclosed in the filing that it may stake its SUI through trusted providers and receive staking rewards as income. However, it will disclaim any rights to assets resulting from forks or airdrops, which will not affect its NAV.

Canary Capital’s Push for Crypto ETFs

The proposal draws inspiration from the SEC’s approval of spot Bitcoin and Ethereum ETFs. The filing emphasized that sufficient safeguards are in place to prevent fraud and market manipulation, similar to the rationale used in the approval of earlier ETFs.

Canary Capital is also actively considering a range of products linked to other major cryptocurrencies, including XRP, Litecoin, and Solana.

The firm’s push for a spot SUI ETF follows shortly after World Liberty Financial partnered with the Sui blockchain to create new products jointly. 

Canary’s Litecoin ETF is already listed with the Depository Trust and Clearing Corporation under the ticker LTCC, indicating that preparations for its launch are progressing.