Delaware filing suggests Canary has registered SUI ETF entity
Quick Take
- A “Canary Sui ETF” entity has appeared on Delaware’s registration portal.
- Such a registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
Delaware's official registration portal shows that "Canary Sui ETF" was registered on March 6. Such registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
The registration comes after Canary filed an S-1 registration with the SEC on Wednesday for an AXL ETF. Canary also seeks to launch ETFs that track Hedera, Litecoin, XRP and Solana.
The Block has reached out to Canary Capital for confirmation on the Sui ETF registration, as there have been instances of bogus filings in the past. For example, in November 2023, someone registered an entity named "iShares XRP Trust" and put the name of Blackrock asset management firm, which was later proved to be a fake filing.
Also on Thursday, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump, although it's not immediately clear how the two will cooperate.
Developed by Mysten Labs, Sui leads in one-year price performance among L1 tokens. As of March 5, Sui recorded a one-year gain of 79%, followed by BNB's 39.7%, according to The Block's data dashboard. The price of Sui climbed 5.4% over the past 24 hours to change hands at $2.83.
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