Cboe BZX seeks SEC approval for first-ever SUI ETF

A file to list a CBO BZX CBOE negotiated fundraising fund landed with the dry, preparing the way for the potential approval of a spot fund linked to the layer 1 token.

Posed on April 8, the proposal Was submitted by CBOE BZX Exchange and seeks regulatory authorization to register and exchange the shares of the Sun Etf Canary. The product, if it is approved, would be the first in the United States to offer direct exposure to SUI, the native token of the SU network.

According to the file, the ETF holds SPOT SU and could also mark part of its assets to win awards. All Trust suis would be stored in separate cold wallets maintained by a third -party goalkeeper. The active value of the fund would follow the Coindesk Su USD index, updated daily at 4:00 p.m. he.

The trust itself was recorded as a statutory trust in Delaware on February 27, and its S-1 recording was Submitted in March. The file stresses that the trust will not be classified as an investment company or a pool of raw materials, keeping it outside the scope of certain regulatory regimes.

Suis Price has briefly increased after the news, exceeding the $ 2 mark, but the rally lost steam. During writing, SUP dropped by 5.9% in the last day and fell to $ 1.94.

This last decision follows a series of proposals from Crypto ETF while the issuers take place to put new products on the market. Canary Capital was active in this space, previously depositing ETFs linked to assets like Solana, XRP and Litecoin.

More recently, Canary Make the headlines With a deposit for a first hybrid ETF of its kind combining both cryptocurrency and NFT. The proposed fund would follow the ecosystem of basswood penguins, holding the pingous governance token alongside a collection of fatty penguins.

THE ETF Push has grown Since President Trump has returned to office in January. The dry has seen a wave of Altcoin deposits, including funds targeting memecoins like Dogecoin and Official Trump.