First ETF Application Received for Altcoin Included in Trump's Project Reserve Plan! - Coin Bulletin

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Cryptocurrency investment company Canary Capital has applied to the U.S. Securities and Exchange Commission (SEC) to establish an exchange-traded fund (ETF) tracking the Sui (SUI) price.

US-based hedge fund manager Canary Capital filed an S-1 application to the SEC on Monday. Shortly before this application, it was revealed that the company also registered a trust establishment in the state of Delaware on March 7. This move by the company is seen as a continuation of applications for ETFs covering more assets in the crypto market in recent times.

Canary Capital had applied for ETF for many cryptocurrencies in recent months such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP). The company's move towards the Sui network has also managed to attract the market's attention. Additionally, only 10 days after the decision of the DeFi platform World Liberty Financial associated with U.S. President Donald Trump to add SUI assets to their reserves and explore product development opportunities, this application has come in a remarkable timing.

Canary Capital is expected to submit documents to the SEC in the coming period to formalize its application.

This application by Canary Capital also directly reflected on the Sui price. Following the application, SUI quickly rose and is currently trading at $2.32 level. This situation made the positive impact of the ETF news on the price more pronounced.

TRUMP0.76%
SUI1.69%
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