Cboe BZX Files to List SUI ETF
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Canary has filed to launch a SUI ETF that will track the performance of the SUI token.
If approved, it will be traded on the Cboe BZX Exchange. The application indicates that part of the ETF holdings will be staked to generate income from staking rewards.
Canary Capital, the ETF sponsor, mentioned that the trust may stake some SUI holdings, with staking rewards contributing to the fund’s revenue. However, the ETF will not engage in future SUI forks or airdrops.
This proposal follows the SEC’s approval of Bitcoin and Ethereum spot ETFs in 2024. Cboe BZX Exchange assures that its SUI ETF strategy aligns with SEC regulatory requirements, which include investor protection and fraud prevention measures.
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