US -based investment management company Canary CapitalIn Delaware, he applied for Spot ETF for Altcoin Sui (SUI). The application move has led to a short -term rise in the price of SUI Coin. According to CoinMarketcap data, Altcoin increased by 2.5 percent up to $ 2.75. However, the gains could not be preserved due to the decline in the market and the legal legitimacy of the application gained clarity.
Canary Capital’s previous ETF applications
Canary Capital, so far Water Apart from the application of many Spot ETF, it is known. The company is only in the last month Solana (LEFT), Axalar (AXL) and Hedera (HBAR) He applied to Spot ETF for Altcoins and attracted attention. The US Securities and Stock Exchange Commission (SEC) none of these ETF applications have yet been approved. However, after Donald Trump sits in the presidential seat, the US will soften the strict inspections on crypto currencies and will be more constructive. Bitcoin (BTC) $91,278.90 And Ethereum (ETH) 
$2,295.31 For crypto currencies outside, the expectation that ETFs will be approved.
Due to his ETF applications, crypto money market participants closely follow Canary Capital. In this respect, the company is officially under the spotlight by investors and analysts in the sector.
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In addition, the fact that the previous ETF applications have not yet been concluded increases the uncertainty of the application for water. Nevertheless, such ETF applications are closely monitored because the relevant Altcoin causes mobility.
Short -term rise in water coin
On the other hand Water coinAfter Canary Capital’s ETF application, it rose rapidly, albeit limited. Procedure at $ 2.5 before the application news altcoinThe price of the price was up to 2.75 dollars after the news. The price of the price reflects the expectation of investors that the application will receive approval from the SEC.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
