On March 17, 2025, Canary Capital Group announced its proposal to launch an exchange-traded fund (ETF) tied to the spot price of Sui. The filing with the U.S. Securities and Exchange Commission (SEC) marks Canary’s latest attempt to introduce a regulated crypto investment vehicle, following its previous filings for Bitcoin and Ethereum ETFs. The move is seen as a significant step toward institutional adoption of Sui.

If approved, the Sui ETF would provide investors with exposure to the blockchain’s native asset without requiring direct ownership. This would simplify access for traditional investors who are interested in the growth potential of Sui but prefer regulated financial products. The ETF would also bring greater liquidity and price stability to the Sui ecosystem by attracting a broader range of market participants.

The filing comes at a time when regulatory clarity around crypto ETFs is improving, with several Bitcoin and Ethereum spot ETFs already gaining approval. Analysts predict that the Sui ETF could serve as a gateway for other layer-1 blockchain assets to enter mainstream financial markets. This development highlights the increasing recognition of Sui as a competitive and scalable blockchain network in the global digital asset landscape.