Canary Capital Eyes Massive Crypto Shift with $7.4 Billion Sui ETF Launch – Will Sui Skyrocket?

Canary Capital Group’s bid for regulatory clearance to introduce a spot Sui exchange-traded fund (ETF) sparks interest among investors. The shift corresponds with the rising tendency of broadening investment possibilities past Bitcoin and Ethereum. With a market capitalization exceeding $7.4 billion, Sui, a blockchain network made for fast transactions—has caught on in the cryptocurrency sector. Especially under the Trump administration, which has taken a more favorable stance on digital assets and financial innovation, Canary Capital’s most recent filing shows rising confidence in crypto ETF approvals.

Canary Capital Expands Its Crypto ETF Offerings with Sui ETF Proposal

The Sui ETF plan seeks to offer a controlled investment vehicle tracking Sui’s price; hence, institutional and retail investors can gain exposure without physically possessing the cryptocurrency. By applying for other cryptocurrency ETFs, the company shows its aspiration to expand the scope of crypto investment possibilities.

With hope for the regulatory state, Steven McClurg, founder of Canary Capital, expected several cryptocurrency ETF permissions by the end of 2025. The proactive attitude of the company shows an increasing need for a wide range of investment options apart from Bitcoin. Known for its scalable infrastructure and creative consensus system, Sui has emerged as a robust rival to current blockchain networks. Without negotiating the difficulties of direct cryptocurrency ownership, the ETF would offer retail investors an organized means to engage in Sui’s growth.

As institutional interest typically results in more liquidity and market validation, the possible approval of the Sui ETF might also drive more acceptance of the Sui blockchain. Let’s take a look at the Sui price prediction and explore what changes it causes in the price of Sui.

Sui Price Prediction

Highlighted in the Sui (SUI) price chart for March 18, 2025, are important support and resistance levels that might determine the next movement of the Sui. Sui trade shows itself in a prescribed range, with resistance near $2.38 and support close to $2.26. To stop a further downward trend, it is absolutely necessary to hold the $2.26 support level. A rise above resistance would set off a bullish sentiment once buyers regained momentum. Still, failure to hold the above support could result in a more severe correction.

Chart 1: Analysed by vallijat007, published on TradingView, March 18, 2025

The RSI is at 34.25, showing Sui is approaching the oversold area. This indicates the possibility of a brief surge if momentum grows. In recent times, the MACD has indicated several death crosses, therefore suggesting ongoing bearishness. Golden crosses suggest potential trend reversals. For indications of recovery, traders must keep close track of price activity in the area of $2.30 to $2.32. A breakout above resistance could indicate resurgent bullishness; a breakdown under support could verify a downtrend’s persistence.

Rising Demand for Diversified Crypto Investment Options

The growing need for a variety of cryptocurrency investment choices beyond Bitcoin and Ethereum is reflected in Canary Capital’s drive for a Sui ETF. Approval of the ETF could draw institutional investors, raise Sui’s acceptance, and improve its market liquidity. Still, a major factor in deciding the approval schedule is regulatory obstacles. A clear break below support for more downside risk or a movement above $2.32 would provide bullish validation. Investors evaluating Sui’s price path should always be aware of technical indicators as well as more general economic elements given its continuous regulatory talks and changing market conditions.