25 Jul 2025
📈SEC Reviews Proposed Rule Change for Canary SUI ETF Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Canary SUI ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC is considering a proposed rule change for the Cboe BZX Exchange to list and trade shares of the Canary SUI ETF, which aims to track the performance of the SUI cryptocurrency. The proposal's review includes assessing its compliance with regulatory standards focused on investor protection and market integrity.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to list the Canary SUI ETF may affect market dynamics and regulatory compliance for businesses involved in cryptocurrency and investment sectors. Executives must consider potential impacts on trading practices and investor protection as the SEC reviews the proposal.