SUI price holds steady as Canary’s SUI ETF application advances with SEC

The SEC has formally launched a review of the SUI Spot ETF proposal from Canary Funds, inviting public comments to determine its compliance under Section 6(b)(5) of the Exchange Act. The review process could take up to 240 days, with a final decision expected by December 25.

Despite ongoing regulatory developments, SUI’s price remains stable at approximately 3.87 USD, showing a minor decline of 0.4% in the last 24 hours, yet it has surged by 53% over the past 30 days, indicating solid investor confidence.