Cboe BZX Exchange has requested approval from U.S. regulators to list an exchange-traded fund (ETF) backed by the native token of the Sui Network, SUI, which has a market capitalization of approximately $6.5 billion. The filing, submitted on April 8, requires a review by the U.S. Securities and Exchange Commission (SEC) before shares can be listed. If authorized, this fund, managed by Canary Capital, would be the first U.S. ETF to hold SUI. The Sui blockchain is designed for a streamlined onboarding experience akin to traditional Web3 applications and is built on the Move smart contract framework. Canary has also applied for multiple crypto ETFs since 2024, including funds targeting other notable cryptocurrencies like Litecoin, XRP, and Solana. This year, Cboe BZX has been actively seeking to list various crypto ETFs, amidst ongoing developments in the regulatory landscape.

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