sammy1116

The post Canary Capital Files for SUI ETF, SUI token Jump by 8% appeared first on Coinpedia Fintech News

Canary Capital has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch an SUI exchange-traded fund (ETF). This move follows a recent announcement by World Liberty Financial (WLFI), a crypto venture backed by Donald Trump and his sons, stating that it would add Sui assets to its token reserves. 

As a result of these developments, the SUI token saw a significant 8% price surge, reaching $2.4.

Canary Capital’s Push for a SUI ETF

Canary Capital has taken a significant step by submitting an S-1 form to the SEC for the SUI ETF. This follows the firm’s earlier registration of a statutory trust in Delaware on March 7, a move typically made before an official SEC filing. 

Canary just filed for a SUI ETF pic.twitter.com/YyqDfsNsN0

— Eric Balchunas (@EricBalchunas) March 17, 2025

Now, Canary Capital also needs to file a 19b-4 form through the chosen exchange to list the ETF.

Meanwhile, the interest in SUI has been growing, especially after World Liberty Financial, a crypto venture linked to Donald Trump and his sons, partnered with the Sui blockchain. 

Their goal is to explore new product development opportunities while adding Sui assets to their Macro Strategy fund. This development further strengthened the case for an SUI ETF.

How SUI Is Gaining Market Attention

The Sui team has welcomed Canary Capital’s ETF filing, calling it a major step in bringing the token to a wider audience. Sui’s growing influence is evident, with over $70 billion in decentralized exchange (DEX) trading volume and 67 million accounts. 

Institutional investors have also started showing interest, positioning SUI as a serious player in the crypto space.

Canary Capital’s Other Crypto ETF Filings

Beyond SUI, Canary Capital has been actively working on launching ETFs for other cryptocurrencies. The firm has already filed for an ETF tracking the AXL token, which powers the Axelar Network. 

Additionally, Canary Capital has submitted ETF filings for Dogecoin (DOGE), Solana (SOL), and XRP, expanding its reach in the crypto investment market.

Following the ETF news, the SUI token is currently trading at $2.34. Despite being up 50% over the past year, SUI has seen a decline of about 31% in the last month. However, with growing institutional interest and ETF filings, the token could see further gains soon.

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
As part of our Ramadan 2025 campaign, Binance is launching three special Convert Quest promotions to celebrate with amazing users like you. Users who convert and trade top-performing tokens will have the chance to share a total of 30,000 USDC token vouchers!
The top-performing token for each day (i.e., from 00:00 UTC to 23:59 UTC) refers to the token that undergoes the largest percentage increase in value from 00:00 (UTC) to 23:59 (UTC). Users are encouraged to review the Markets Overview and Trading Data pages before executing any trades.
Promotion Period: 2025-03-09 00:00 (UTC) to 2025-04-07 23:59 (UTC)
Promotion A: Complete Trades on the Next Day’s Top-Performing Token to Equally Share 500 USDC in Token Vouchers Daily
Eligible users who fulfil the following criteria will be able to equally share a daily rewards pool of 500 USDC in token vouchers:
Confirm their participation by clicking [Join Activity] on the Promotion page;Make a single trade of at least 15 USDC equivalent of any token to Binance Convert’s top-performing token of the next day.
Promotion B: Complete More Trades on the Top-Performing Tokens at Binance Convert to Share 11,000 USDC in Token Vouchers
Eligible users will be ranked by the number of days they have successfully traded the top-performing token of the next day in Promotion A. The top 20* users with the highest number of days when they traded the next day’s top-performing token, will then qualify for an equal share of the 11,000 USDC token voucher rewards pool.
Promotion C: Complete Your First Trade with Binance Convert and Share 4,000 USDC Token Vouchers
During the Promotion Period, the first 400 new-to-convert eligible users** who confirm their participation and convert at least 50 USDC equivalent of any tokens on Binance Convert, will qualify for an equal share of the 4,000 USDC token voucher rewards pool.
Notes:
To qualify for rewards in Promotions A, B and C, users need to confirm their participation by clicking [Join Activity] on the Promotion page and complete the relevant trades on Binance Convert during the Promotion Period.Only Binance Convert trades with the Instant mode will count as successful trades toward Promotions A, B and C. The following types of trades will not count as successful trades toward Promotions A, B and C: Limit orders on Binance Convert;API trades on Binance Convert;Trade from stablecoin to stablecoin;Convert trades on old tokens that have previously undergone a token swap, redenomination or merging event, to the corresponding new token.*If more than one user has the same number of days of trading the next day’s top-performing token, they will then rank by the trading volume, the users with the higher trading volume will be qualified for the final 20 winners. **New-to-convert eligible users refers to users who have registered for a Binance account, completed KYC and did the first trade on Binance via Binance Convert.
Join the Promotion Now!
Stay tuned for new opportunities to earn rewards this Ramadan! To discover more promotions and surprises featured in the Ramadan Calendar, please click here.
Guides & Related Materials:
All You Need to Know About Binance ConvertHow to Use Binance Convert A Beginner’s Guide to Candlestick Charts How to Read the Most Popular Crypto Candlestick PatternsBinance Trading Data
Terms and Conditions:
All users must complete account verification and confirm their participation by clicking [Join Activity] on the Promotion page during the Promotion Period to be eligible for rewards. Only Binance.com account holders who meet all the aforementioned eligibility criteria as specified above can participate.The rewards for Promotion A, B and C are not mutually exclusive. Each user may qualify for multiple rewards.Trades on Binance Convert before or after the Promotion Period will not count toward the requirements of Promotions A and/or B and/or C. For Promotion A only: The list of users who qualify for rewards for each day of the Promotion Period will be announced in the next two days on the Promotion page.Rewards will be distributed within two weeks after the Promotion Period. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.Sub-accounts will not be viewed as independent accounts when participating in the Promotion.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk-registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms without prior notice, including but not limited to canceling, extending, terminating or suspending these Promotions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants of these Promotions shall be bound by these amendments. For clarity, Binance’s decisions with respect to all aspects of these Promotions are also final and non-appealable. For more information, see the Convert Term of Use.This Promotion is restricted to users located in eligible countries.Additional terms and conditions that also apply to this Promotion are accessible here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-03-07
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.