Sui (SUI) Price Rises Following CBOE’s ETF Filing — Is This the Beginning of a Recovery?

Updated

April 9, 2025

Gambar Sui (SUI) Price Rises Following CBOE’s ETF Filing — Is This the Beginning of a Recovery?

Jakarta, Pintu News – The global crypto market has recently witnessed a significant recovery in the price of the Sui token. This happened after Cboe BZX Exchange applied to list the first Sui ETF in the United States.

This filing has caught the attention of investors and may be a catalyst for further recovery from the losses experienced throughout the year.

Check out the full news below!

Sui ETF Filing by CBOE

Cboe BZX Exchange has filed a Form 19b-4 with the US Securities and Exchange Commission (SEC) to list an ETF based on the Sui (SUI) token. This ETF, known as the Canary Sui ETF, marks an important step in integrating cryptoassets into regulated financial products.

Canary Capital, which is proposing this ETF, has established a trust in Delaware to back this Sui (SUI)- based fund. The proposed ETF will not only track the price of Sui (SUI) but also allow token staking through trusted staking providers. This means that the staking yield will be considered income for the trust.

However, it is important to note that the fund will not have rights to any forks or airdrops that may occur in the future.

Sui Price Analysis and Impact of ETF Filings

Before the announcement of the ETF filing, the price of Sui (SUI) experienced significant selling pressure, with a drop of almost 20% in one week. However, the news of the ETF filing has triggered a price recovery, with Sui (SUI) reaching the $2.02 level again, up 2% from its lows.

This suggests that the news has positively boosted short-term trading activity. Technical analysis shows that Sui (SUI) has decreased since peaking at around $2.84.

However, with the support at $2.00, there is potential for further recovery if it can break the downtrend line in the range of $2.20 to $2.30. Success in breaking these levels could open the way towards $2.50 and $2.80.

Also read: These 4 Altcoins Experience Price Recovery After Market Crash in Early April, What’s the Factor?

Sui Price Outlook and Predictions

According to Coingape, with a market capitalization of $6.44 billion and strong trading volume, Sui (SUI) currently occupies the 16th position among altcoin projects. Although market sentiment is still bearish, the recent price recovery and potential ETF listing could reverse this trend.

Analysts predict that if Sui (SUI) can maintain a value above $2.00, it could be a jumping-off point towards higher price targets.

However, if Sui (SUI) fails to maintain support above $2.00, prices may return to the lower support levels of $1.80 and $1.60. These levels have previously shown buying interest and could be the key to preventing further declines.

Conclusion

The ETF filing by CBOE BZX Exchange may be a turning point for Sui (SUI) in the face of volatile crypto market challenges. With growing institutional support and more regulated financial products, Sui (SUI) may see wider adoption and price stabilization. Investors and market watchers will continue to monitor these developments closely.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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