Canary Capital has submitted a proposal to the SEC for the Sui ETF, which intends to track the SUI digital asset. The ETF may stake a portion of its assets through trusted providers, potentially generating rewards as income.
The SUI asset has a market capitalization of about 6.7 billion USD, ranking it as the 21st largest cryptocurrency. This proposal comes after the SEC’s recent approval of other crypto ETFs, highlighting a growing trend in the crypto ETF market.
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