Cboe Requests Approval for ETF Based on Sui

Cboe BZX Exchange has officially requested approval from the U.S. SEC to have the Canary SUI ETF listed. This move could set the stage for the very first ETF that monitors the performance of the SUI token, the proprietary cryptocurrency of the Sui blockchain.
This development signals a growing attraction of institutional investors towards Sui blockchain. It is specifically designed for fast transactions and applications within the decentralized finance sector. Approval of this ETF could open up a regulated avenue for conventional investors to access SUI, which mirrors the impact that Bitcoin and Ethereum ETFs have had in terms of enhancing market liquidity and drawing interest from investors.
The proposed ETF involves potential staking of the fund’s assets in order to earn rewards, alongside the incorporation of stringent counter-manipulation measures to align with the standards stipulated by the U.S. SEC.