{"id":126740,"date":"2025-04-08T21:20:13","date_gmt":"2025-04-08T21:20:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126740"},"modified":"2025-04-08T21:20:13","modified_gmt":"2025-04-08T21:20:13","slug":"cboe-bzx-files-to-list-canarys-sui-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126740","title":{"rendered":"Cboe BZX files to list Canary&#039;s SUI ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCboe BZX Exchange has asked United States regulators for clearance to list an exchange-traded fund (ETF) backed by Sui (SUI), the native token of the Sui Network, public filings show.\u00a0<br \/>\nThe request submitted on April 8 must be reviewed and approved by the US Securities and Exchange Commission (SEC) before the exchange can list any shares of the fund.<br \/>\nIf approved, the ETF \u2014 issued by asset manager Canary Capital \u2014 would be the first in the country to hold SUI. The token has a market capitalization of roughly $6.5 billion, according to CoinMarketCap.<br \/>\nSui is a blockchain network designed to provide users with a more streamlined onboarding experience \u2014 similar to traditional Web3 applications. It is built using Move, a smart contract framework based on the Rust programming language. Sui has approximately $1.1 billion in total value locked (TVL), according to DefiLlama.<br \/>\nSui Network has roughly $1.1 billion in TVL. Source: DeFiLlamaRelated: Canary files for PENGU ETF<br \/>\nCanary, which specializes in crypto ETFs, submitted its own S-1 regulatory filing for the SUI fund in March.\u00a0<br \/>\nSince 2024, Canary has filed for several proposed US crypto ETFs, including funds holding Litecoin (LTC), XRP (XRP), Hedera (HBAR), Axelar (AXL) and Pengu (PENGU).\u00a0<br \/>\nCboe BZX has also submitted numerous filings seeking to list crypto ETFs this year.\u00a0In March, the exchange filed to list Solana (SOL) ETFs issued by Franklin Templeton and Fidelity.\u00a0<br \/>\nDozens of altcoin ETFs<br \/>\nSince US President Donald Trump took office on Jan. 20, the SEC has acknowledged dozens of new altcoin ETF filings.\u00a0<br \/>\nProposed ETFs include funds holding native layer-1 tokens such as Solana (SOL) and SUI, as well as memecoins such as Dogecoin (DOGE) and Official Trump (TRUMP).<br \/>\nHowever, investors\u2019 demand for altcoin ETFs may be weaker than for funds holding core cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), according to Katalin Tischhauser, crypto bank Sygnum\u2019s research head.\u00a0<br \/>\n\u201c[T]here is all this frothy excitement in the market about these ETFs coming, and no one can point to where substantial demand is going to come from,\u201d Tischhauser told Cointelegraph.\u00a0<br \/>\nMagazine:\u00a0Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge<a href=\"https:\/\/cointelegraph.com\/news\/cboe-files-to-list-canary-sui-etf?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCboe BZX Exchange has asked United States regulators for clearance to list an exchange-traded fund (ETF) backed by Sui (SUI), the native token of the Sui Network, public&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126740"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126740"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126740\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126740"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}