CBOE BZX Exchange askedSui), the native token of the SUI Network, public filings show.
The request submitted On April 8, the US Securities and Exchange Commission (SEC) must review and approve before the exchange list any funding.
If approved, the ETF – issued by the Asset Manager Canary Capital – will be the first in the country to hold SUI. The token has a market capitalization of approximately $ 6.5 billion, According to In coinmarketcap.
SUI is a Blockchain network designed to provide users of a more ousted onboarding experience – similar to traditional web3 applications. It was developed using the transfer, a smart outline of the contract based on the rust programming language. SUI has approximately $ 1.1 billion in total amount locked (TVL), According to In Defillama.
The SUI Network is approximately $ 1.1 billion on TVL. Source: Delete
Related: Canary files for penguin etf
Canary, which specializes in crypto ETFs, Submitted its own filing of S-1 regulation For the SUI fund in March.
Since 2024, Canary has filed for many suggested US Crypto ETFs, including funds holding Litecoin (LTC)XRP (XRP)Hedera (HBAR)Axes (Axl) and Pengu (Pengu).
The CBOE BZX has also submitted many filings looking to list the Crypto ETFs this year. In March, The exchange filed to list Solana (Sol) ETFs issued by Franklin Templeton and Fidelity.
Dose -Docated ETFs of Altcoin
Since US president Donald Trump received the office on January 20, the SEC has Dose -Dose -Dose of new ETF filings of Altcoin.
Suggested ETFs include funds holding native layer-1 tokens such as Solana (Sol) and sui, as well as memecoins like dogecoin (Doge) and official Trump (Trump).
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However, investors’ Demand for altcoin etf may be more vulnerable than funds holding major cryptocurrencies such as Bitcoin (Btc) and ether (Eth), according to Latter Tischhauser, head of the Crypto Bank Sygnum research.
“(T) Here is all this disturbance in the market about these ups ETFs, and no one can point to where the big demand came from,” Tischhauser told cointelegraph.
Magazine: Memecoins are ded – but solana ‘100x better’ in spite of income plunge
