SEC Delays Decision on Canary Capital’s SUI ETF Application, Impacting Sui Token

The Securities and Exchange Commission (SEC) has delayed its decision on Canary Capital’s proposed spot exchange-traded fund (ETF) for the Sui (SUI) token. This delay, consistent with previous SEC actions regarding similar applications, adds uncertainty to the market. While the SEC typically takes around 240 days to review ETF proposals, delays are not uncommon. This latest postponement may affect the SUI token’s price and trading activity.