The Sui (SUI) ecosystem has recently witnessed significant developments in both financial and technological fields. Canary Funds’ SUI ETF application update to the US Securities and Exchange Commission (SEC), Jackson.io’s native token launch, and SUIG’s growth strategy have created new expectations for the future of the chain.
New Development on the ETF Front: S-1/A Update from Canary Funds
Canary Funds filed amendment S-1/A (pre-effective) for the SUI spot ETF with the SEC on October 17, 2025. This change includes technical details about the ETF’s listing on the Cboe BZX exchange and the fund’s new address information. No changes were made to the fund’s basic structure, fee policy and redemption conditions. The SEC’s approval process is ongoing and the final decision is expected to be made by March 2026.
Canary SUI ETF aims to offer investors direct access to SUI assets. While BitGo Trust undertakes the custody service of the fund, performance monitoring will be done through the CoinDesk SUI CCIXber 60m New York Rate index. Additionally, the fund plans to generate passive income by staking a significant portion of the SUI assets it acquires. This stands out as an innovative strategy that is gaining attention in the crypto ETF market.
New Step in the Gaming Ecosystem: Jackson.io Token Launch
Sui-based gaming platform Jackson.io is officially launching its native token called $JACKSON as of October 20. The project has initiated the Phase-1 TGE process, covering 24% of the token supply. Jackson.io aims to improve on-chain gaming experiences by leveraging Sui’s high transaction speed and Move-based secure infrastructure. The launch is also considered as a new indicator of the increasing GameFi-focused growth in the Sui ecosystem.
SUIG and “SUI Bank” Vision: 90% Return to the Ecosystem
SUIG, which directs the financial growth of the SUI ecosystem, announced its plan to return 90% of its revenues to the ecosystem by establishing a new structure called “SUI Bank”. These funds will be used in areas such as developer grants, liquidity incentives and project investments.
This strategy aims to increase the number of applications on the network and establish a community-centered growth model.
SUIG’s vision is to support grassroots ecosystem dynamism in parallel with instruments such as ETFs that attract institutional investor interest.
The Sui network has recently gained remarkable momentum in terms of both corporate financial products and application layer developments. While progress in the ETF filing raises hopes for SUI to become a regulated financial product, projects like Jackson.io are expanding the chain’s real uses. SUIG’s growth plan focuses on ensuring the ecosystem achieves sustainable income distribution and return on investment.
