Canary Capital submitted a second pre-effective amendment to its S-1 form for its SUI ETF, according to a latest US SEC filing. If approved, the trust will provide investors with exposure to SUI price while generating yields through staking.
In the latest filing, the issuer changed the fund’s name to Staked SUI ETF to highlight its focus on earning additional SUI through its participation in the staking program. However, there is no staking fees announced yet.
Canary Capital also changed the exchange from Cboe BZX Exchange to Nasdaq Stock Market, indicating plans to list and trade on Nasdaq. Canary Staked SUI ETF disclosed a management fee of 0.75% and ‘SUIS’ as the ticker symbol. However, the issuer has not announced any waiver yet.
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