LTC News: Canary Capital Files for Potential Spot SUI Crypto ETF

In a significant move for the cryptocurrency market, Canary Capital has filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking the layer-1 cryptocurrency SUI (SUI). This development expands the firm’s existing portfolio of crypto products and indicates growing interest in SUI among institutional investors.

Canary Capital Adds SUI to Crypto ETF Filings

Canary Capital has added layer-1 blockchain token SUI to its list of potential ETFs. The firm reportedly filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking the layer-1 cryptocurrency Sui (SUI). This filing came after Canary registered a Sui trust in Delaware on March 7. A potential spot SUI ETF expands the firm’s existing basket of bids for crypto products on Wall Street. Canary Capital has also filed for Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP ETFs. Additionally, Canary recently closed a deal with World Liberty Financial, a decentralized finance protocol backed by the 45th and 47th U.S. President, Donald Trump.

Crypto Price Analysis 3-17: Various Cryptocurrencies Experience Mixed Fortunes

The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC). Bitcoin (BTC) has been down over 1% in the past 24 hours, remaining below $85,000. The flagship cryptocurrency fell to a low of $82,047 before rebounding and moving to its current level. Meanwhile, Ethereum (ETH) is down nearly 2% and trading just below $19,000 as it struggles to build momentum. Ripple (XRP) is down almost 3% and trading at $2.33, while Dogecoin (DOGE) is down nearly 2% and trading at $0.172. Solana (SOL) bulls are struggling, with the price down almost 5% and trading at $128.

Hashdex Amends S-1 Filing to Add 7 Altcoins to Crypto Index ETF

Asset manager Hashdex has amended its S-1 regulatory filing to expand its crypto index exchange-traded fund (ETF). The fund, which currently holds only Bitcoin (BTC) and Ethereum (ETH), proposes to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). The filing outlines a planned shift to the broader Nasdaq Crypto Index (NCI), which includes a wider selection of digital assets. The fund was launched in February 2024 and follows the Nasdaq Crypto US Index, which exclusively tracks BTC and ETH by market capitalization.