The Sui token has captured investor attention with its impressive recent price movement. This surge followed Cboe’s filing of the 19-b form for a spot SUI ETF with the US Securities and Exchange Commission (SEC).
After the announcement, SUI experienced a strong bullish reversal, climbing to around $2 from a low of $1.93. The ETF filing news could serve as a catalyst, potentially helping the altcoin recover its year-to-date losses of over 53%.
Recent reports indicate that the Cboe BZX Exchange is seeking approval to list the SUI token ETF, expected to be named the “Canary SUI ETF,” for trading on the exchange.
