SEC Delays Review of Canary Capital’s SUI ETF Application – Coincu

Canary Capital’s application for a SUI spot ETF, submitted to the U.S. Securities and Exchange Commission (SEC) on April 8, 2025, has been delayed according to ChainCatcher news. This postponement signals continued regulatory scrutiny over spot crypto ETFs, traditionally causing subdued short-term market reactions.

The SEC has deferred its decision on Canary Capital’s SUI spot ETF application. This delay is consistent with previous SEC behavior concerning similar proposals. Canary’s S-1 Registration: Initial Public Offering Filing by the investment firm, alongside Nasdaq and 21Shares, has demonstrated serious efforts to introduce a regulated SUI-based ETF in the U.S.

SEC Extends Canary Capital SUI ETF Review

The primary change is the increased regulatory spotlight on crypto ETFs. This could stall potential market expansion for the SUI token, as a general uncertainty looms over the approval of crypto ETFs. Investors remain watchful regarding any regulatory updates.

Reactions have been cautious among market participants. Notable industry figures have publicly expressed their anticipation of future developments, as past approvals have historically led to increased market activity.

SUI Token Market Awaits SEC Decision and Potential Impact

Did you know? The SEC has a maximum review window of 240 days for ETF applications, often resulting in multiple delays during its scrutiny process.

According to CoinMarketCap, the Sui (SUI) token, with a market cap of $10.75 billion, shows a current price of $3.16, experiencing a 2.69% decline over the past 24 hours. Trading volumes have dipped by 9.07%, while its 30-day performance remains down by 6.19%.

The Coincu research team indicates that approval of a SUI ETF could establish a regulatory precedent, significantly influencing crypto ETF dynamics in the U.S. market. Historical trends suggest potential upticks in price and trading volumes post any final green light from the SEC.