Canary Capital has filed its sixth proposed crypto exchange-traded fund (ETF) with US regulators, this time for one tracking the spot price of the crypto token Sui.
In a March 17 Form S-1 filing to the Securities and Exchange Commission, the crypto investment firm requested to list the Canary SUI ETF, which didn’t include information on what exchange it would trade on or the proposed ticker symbol.
The ETF would directly hold Sui (SUI), the native token of the layer-1 blockchain used for fees and staking, which is the 23rd largest cryptocurrency with a market value of around $7.36 billion, per CoinGekco.
Sui is trading up 1.3% over the last day to $2.31 and has gained 7.3% over the week. It has, however, fallen 56.5% from its Jan. 5 all-time peak of $5.35.
Sui’s price over the last 24