Canary Capital Files Application With SEC for SUI-Based ETF 🏦
Canary Capital has recently filed an application with the U.S. Securities and Exchange Commission (SEC) seeking approval to offer an exchange-traded fund (ETF). This proposed fund aims to track SUI, a cryptocurrency token that has been recently added to the reserves of World Liberty Fi, a project linked with former President Donald Trump.
The application signifies Canary Capital's move to further integrate digital assets into traditional financial avenues. The spotlight on SUI comes as cryptocurrencies steadily gain mainstream acceptance, but regulatory hurdles persist with the SEC's cautious approach towards cryptocurrency-linked financial products.
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