Cboe files for first US Sui spot ETF for altcoin investors
Cboe BZX Exchange has officially submitted Form 19b-4 to the US Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tied to the Sui blockchain.
The April 8 filing stated:
“Cboe BZX Exchange, Inc. is filing with the Securities and Exchange Commission (‘Commission’ or ‘SEC’) a proposed rule change to list and trade shares of the Canary SUI ETF.”
If approved, the fund would offer regulated exposure to the SUI token, which has a market capitalization of over $6.4 billion.
This would make it a landmark product for altcoin investors in traditional markets as it would introduce the first ETF in the US market that holds the SUI token.
Meanwhile, the ETF could stake some of its SUI holdings to generate on-chain rewards.
According to the filing:
“The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s SUI through one or more trusted staking providers (‘Staking Providers’).”
The Sui team sees this development as a strong vote of confidence from traditional finance. They believe it further validates Sui’s potential as a high-speed asset coordination layer for decentralized and institutional ecosystems.
Over the past six months, the Sui ecosystem has attracted heavyweight traditional financial institutions like Franklin Templeton, Grayscale, VanEck, and Ant Financial. These firms have rolled out various investment tools, from tokenized funds to exchange-traded notes, designed to leverage Sui’s scalable infrastructure.
Crypto ETFs gain momentum
The Sui ETF filing is part of a broader wave of crypto-focused investment products gaining traction in the US amid a more favorable regulatory landscape.
Canary Capital, for instance, recently filed to launch a hybrid ETF combining cryptocurrencies and non-fungible tokens (NFTs).
The proposed fund would offer exposure to digital assets like Solana and Ethereum alongside collectibles such as Pudgy Penguins and the PENGU token.
In another notable launch, Teucrium introduced a leveraged XRP ETF on April 8. The 2x Long Daily XRP fund saw strong demand at debut, suggesting that the appetite for crypto-backed financial products continues to rise.
Market analysts see these moves as signs of a maturing market, where digital assets are no longer sidelined but integrated into mainstream portfolios through regulated, transparent investment vehicles.
The post Cboe files for first US Sui spot ETF for altcoin investors appeared first on CryptoSlate.
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Sui’s Breakout Rally Signals Bullish Continuation — Is $3.70 Next?
Приток средств в биткоин-ETF продолжается третий день подряд
Solana (SOL) Can Soar by 40% But Under This Critical Condition (Analyst)
TL;DR
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Solana (SOL) saw wild price swings, with one analyst eyeing a possible rally to $147 if it pumps above a certain level.
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Others predict a potential slump to as low as $80 but view this as a buying opportunity.
Can the Bulls Erase Some of the Losses?
The cryptocurrency market turbulence observed in the past few days had a huge impact on Solana (SOL), whose price was on a rollercoaster. On April 7, it crashed below $100 for the first time since February 2024. The following day, SOL briefly surpassed $110 before retracing to the current $107 (per CoinGecko’s data).
The renowned analyst Ali Martinez recently raised the bulls’ hopes that a resurgence could be on the way. He estimated that the TD Sequential indicator flashed the buy signal on Solana’s weekly chart. In his view, staying above $95 and rising beyond $121 could set the stage for a pump towards $147 (a nearly 40% increase from the current valuation).
It is worth mentioning that Martinez was less optimistic just days ago when SOL’s price was in a state of a freefall. He predicted the dive under $114 could lead to a massive slump to as low as $60.
The user Ted Pillows chipped in, too. He noted that SOL briefly bounced from the multi-year support trendline of around $110. He argued that the last time the price retested this level was in Q3, 2023, and in the following months, it skyrocketed by 1,000%. “Will something similar happen again?” he questioned.
Ready to Stack at This Level
Another popular market observer who touched upon Solana’s price dynamics is the X user Alex RTB. They believe the asset may plummet to $80 before experiencing a pump. However, the analyst seems unfazed by the potential pullback, preparing to enter the ecosystem as an investor at these levels.
“$20 – $25 don’t matter much for long term but if we are looking for safest entry, its coming. Prove me wrong if you can,” they concluded.
Earlier this week, Crypto_Jobs suggested that SOL could find a “key bottom level” even lower:
“Zooming on my monthly and weekly view, I can tell you with some confidence that the magnet & key bottom level will be around $68 – $70.”
The post Solana (SOL) Can Soar by 40% But Under This Critical Condition (Analyst) appeared first on CryptoPotato.
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