SEC Postpones SUI ETF Approval Decision Until 2025 Amid Token Price Slump

The U.S. Securities and Exchange Commission has delayed its decision on Canary Capital's proposed spot sui exchange-traded fund until July 24, 2025. This regulatory postponement adds to the selling pressure on the Sui network's native token, which has fallen 40% from its January high.

SUI dropped 2.7% to $3.18 amid broader cryptocurrency market weakness, bringing its weekly loss to nearly 12%. Technical indicators show the token trading below key moving averages, indicating continued bearish momentum despite analysts' long-term optimism about institutional adoption pathways.

The ETF proposal serves as a crucial test case for altcoin investment vehicles following Bitcoin and ethereum fund approvals. Market makers expect volatile price movements as traders adjust their positions ahead of the new decision deadline.