Following the approval of Bitcoin and Ethereum ETFs, ETF applications were made for many altcoins such as XRP, Solana (SOL) and Litecoin (LTC), while the last move came for Sui (SUI).
Accordingly, cryptocurrency fund manager Canary Capital has registered a spot SUI ETF in the US state of Delaware.
According to its official filing page, Canary Capital has registered a SUI ETF in Delaware, but this does not constitute approval.
This type of registration is typically a sign that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
After the news, the SUI price increased. SUI, which increased by 4.5% in the last 24 hours, continues to be traded at $2.8.
SUI also announced a partnership with US President Donald Trump-backed cryptocurrency project WLFI yesterday.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/etf-preparations-for-an-unexpected-altcoin-started-in-the-us-price-increased-yesterday-trump-announced-his-partnership-with-the-cryptocurrency-project/