March 17 (Reuters) - Canary Capital Group, a digital

assets investment firm, said on Monday that it is seeking the

green light from regulators to launch an exchange-traded fund

tied to the spot price of Sui, a cryptocurrency associated with

Sui Network, a blockchain service provider.

That brings Canary's list of cryptocurrency filings with the

Securities and Exchange Commission to six, and again extends the

roster of new ETF filings on a growing array of coins seeking

regulatory approval submitted since the election of President

Donald Trump last November.

Trump's pledge to shake up the regulatory treatment of the

digital assets space has fueled optimism that the SEC's new

leadership will move rapidly to approve a large number of

pending filings.

"There's been a tremendous shift in the landscape and mood"

among cryptocurrency market participants since the election,

said Steven McClurg, founder of Canary.

"I'm pretty optimistic that we're on track to see many of

these approved before the end of 2025."

Already, regulators have dropped enforcement actions against

several large cryptocurrency industry participants and are

considering scrapping rules proposed by the previous

administration that would toughen custody requirements for

investment advisors dealing in cryptocurrencies.

The SEC is not likely to push ahead with approving new ETFs

until Paul Atkins, Trump's nominee for SEC chair, is confirmed

in that role by the Senate, McClurg said.

Canary's filing represents the first seeking to launch an

ETF tied to Sui, a coin that has a market capitalization of more

than $7.4 billion, placing it within the 25 largest coins,

according to CoinMarketCap, a digital assets data and trading

firm.

Issuers so far have filed for regulatory approval to list

ETFs on at least 10 coins beyond bitcoin and ether. ETFs on

those two coins made their debut in 2024.

The most popular new coins among issuers are Solana and XRP,

the coin tied to crypto company Ripple, each of which has six

ETF applications pending with the SEC.