SEC Ponders Trading Shares of Mysterious SUI Crypto Fund
Published Date: 7/25/2025
Notice
Summary
The Cboe BZX Exchange wants to start trading shares of the Canary SUI ETF, a new commodity-based fund. The SEC is now deciding whether to approve or reject this plan by July 24, 2025. If approved, investors will get a fresh way to invest, but no money changes hands yet—just a decision on the new trading option.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
New SUI ETF Proposed to Trade
The SEC is deciding whether to allow the Cboe BZX Exchange to list and trade the Canary SUI ETF, which would hold the SUI cryptographic token and seek to track the CoinDesk SUI USD CCIX 60 min NY Rate. The Commission designated July 24, 2025 as the date to approve, disapprove, or institute proceedings. If approved, investors would have a new way to invest in SUI, with the Trust valuing its shares daily at 4:00 p.m. ET using that pricing benchmark.
ETF May Earn Staking Rewards
The Trust's sponsor may stake some or all of the Trust's SUI through one or more trusted staking providers, and the Trust would receive all or a portion of any staking rewards generated. If the ETF is approved, those staking rewards could be a component of the Trust's returns.
Redemptions Limited to 10,000-Share Blocks
The Trust will sell or redeem its shares only in cash transactions with authorized participants and only in blocks of 10,000 Shares. That means creations and redemptions are structured as large institutional-sized transactions rather than individual share redemptions.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2025-14027 — Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning Changes To Codify in OCC's By-Laws That a Clearing Member May Submit Adjustments to Its Positions With OCC for Any Purpose Permissable Under Exchange Rules
The Options Clearing Corporation (OCC) just updated its rules to clearly say that clearing members can adjust their option positions for any reason allowed by exchange rules. This change keeps OCC’s rules in sync with the exchanges and removes a confusing duplicate term. The update took effect immediately on July 15, 2025, making it easier and clearer for members to manage their trades without delay.
Next: 2025-14029 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of 21Shares SUI ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
The SEC is taking extra time to review Nasdaq’s plan to list and trade shares of the 21Shares SUI ETF, a new commodity-based fund. This means investors and the market will wait until September 8, 2025, for a final decision. The delay helps ensure the SEC carefully considers all details before giving the green light or a no-go.