Cboe has filed a request with the SEC to list an innovative U.S.-based exchange-traded fund (ETF) backed by the native token of the Sui Network, SUI. If approved, this would be the first U.S. ETF to utilize the blockchain’s native cryptocurrency as an investment asset. This move comes from Canary Capital, a prominent asset manager that has made significant strides towards launching its own SUI-based ETF in the United States. In March, Canary Capital filed an S-1 registration for the proposed fund, and now, Cboe BZX Exchange has submitted a 19b-4 rule change request to list and trade it. The fund’s focus on holding SUI tokens, along with the potential to generate income through staking, is a key feature of this unique ETF offering.