Cboe Files for Canary SUI ETF, Potentially First U.S. SUI Token ETF

On April 8, Cboe BZX Exchange filed Form 19b-4 with the SEC to list the Canary SUI ETF, potentially the first U.S. ETF holding the SUI token. The ETF, if approved, would offer regulated exposure to SUI, which has a market cap of over $6.4 billion, and may stake some holdings for on-chain rewards. This move follows increased interest from traditional finance firms like Franklin Templeton and Grayscale in the Sui ecosystem and coincides with other crypto ETF launches, such as Teucrium's 2x Long Daily XRP fund on the same day.