In the United States, the first Sui spot exchange-traded fund (ETF), "SUIS," has been listed.
On the 20th, Sui said that SUIS, issued by Canary Capital, was listed on Nasdaq following approval by the U.S. Securities and Exchange Commission (SEC). SUIS is a fund structured to track the price of Sui while reflecting staking rewards.
If staking rewards occur, the revenue is reflected in the fund's net asset value (NAV). After Canary Capital filed for ETF registration in Mar. last year and received regulatory approval, trading began on Nasdaq.
Steven McClurg, CEO of Canary Capital, said, "Canary's Sui spot ETF (SUIS) provides regulated, listed exposure to Sui along with the potential for staking rewards. Canary has continued a strategy of turning emerging Blockchain networks into listed investment products accessible to anyone, and the launch of SUIS is an extension of that strategy."