SEC Extends Review on Canary SUI ETF Trading Approval
Published Date: 9/30/2025
Notice
Summary
The SEC is taking extra time to decide if the Canary SUI ETF can be listed and traded on the Cboe BZX Exchange. This affects investors and traders interested in this new commodity-based ETF, with the decision deadline now extended by up to 60 days. No money changes yet, but the wait means more careful review before the ETF hits the market.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
SEC Extends ETF Decision Deadline
The SEC extended its deadline by 60 days to decide whether the Canary SUI ETF can be listed and traded on the Cboe BZX Exchange, setting a new decision date of December 21, 2025. The proposed rule change was published on April 25, 2025, and the original 180th‑day deadline was October 22, 2025. Investors and traders interested in this commodity‑based ETF will have to wait longer before it can be listed and traded.
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Key Dates
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Previous: 2025-18958 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Canary Staked SEI ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
The SEC is taking extra time to review a plan from Cboe BZX Exchange to list and trade shares of the Canary Staked SEI ETF, a new commodity-based fund. This means investors and traders will have to wait until December 10, 2025, for a final decision. No money changes hands yet, but this delay ensures the SEC carefully checks everything before giving the green light.
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