The price of Sui (SUI) is experiencing pressure as Canary Capital prepares for a potentially impactful launch of a SUI-focused exchange-traded fund (ETF). Pending SEC approval, this move could significantly impact the cryptocurrency market. Despite recent network challenges, the Sui blockchain continues to thrive in DeFi applications with new integrations and token launches. While the potential ETF signifies a bullish step forward, investor sentiment remains cautious as the fund’s regulatory path remains uncertain. The SEC is currently reviewing multiple applications for altcoin ETFs from asset managers like VanEck, Bitwise, and 21Shares, following successful Bitcoin and Ethereum ETF launches in the previous year.