The investment company in digital assets Canary Capital Group said on Monday that it had applied for regulatory approval in order to launch a negotiated stock market (ETF) fund linked to the cash price, an associated token with the SU network.
If it is approved, it would mark the very first ETF linked to Suit, an asset based on blockchain with market capitalization exceeding $ 7.4 billion, classifying it among the 25 best cryptocurrencies.
The deposit is added to the increasing list of Canary Capital of the Crypto ETF applications, bringing its total bids to six.
This decision also shows an increasing wave of ETF proposals targeting a wider range of digital assets, because cryptographic companies are looking for regulatory clarity and investment accessibility.
Breakup
@Suinetwork ETF is coming soon! Canary Capital filed an ETF sui with the dry in the United States pic.twitter.com/ftaiwpuph1
– Suis Corner (@Suicorner) March 17, 2025
The election of Trump is stretching the wave of deposits of ETF Crypto
Since the election of President Donald Trump in November, FNB deposits have increased, reflecting the optimism of the industry that the Securities and Exchange Commission (SEC) could adopt a more favorable position towards financial products linked to the crypto.
Trump administration has reported a change in cryptography regulations, which has aroused expectations that the new dry leadership could approve a wider range of ETF of digital assets. Already, the regulators have abandoned the application measures against large cryptography companies and plan to reduce the stricter custody rules for investment advisers dealing with digital assets.
The expansion of Crypto ETF grows beyond bitcoin and ether
The race to expand the offers of Crypto ETF accelerates. The issuers have already subjected deposits for ETFs on at least 10 cryptocurrencies beyond bitcoin and ether, which made their debut as a negotiable ETF in 2024. Among the most sought-after assets for the inclusion of ETFs are Solana and XRP, with six applications pending each.
If SUP ETF de Canary Capital obtains approval, it could open the way to additional diversification in crypto investment products, offering institutional and retail investors a regulated and accessible means of exposure to emerging digital assets. The decision is now based with the dry, the position of which on these applications will shape the next phase of the integration of cryptocurrency in consumer finance.
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