The Sui (SUI) ecosystem is witnessing significant advancements recently in both financial and technological arenas. These include an update to the SUI ETF application by Canary Funds with the U.S. Securities and Exchange Commission (SEC), the launch of Jackson.io’s native token, and the growth strategy of SUIG, all of which have created fresh expectations for the chain’s future.
New Developments in the ETF Sector: Canary Funds’ S-1/A Update
On October 17, 2025, Canary Funds submitted a pre-effective S-1/A amendment for the SUI spot ETF to the SEC. This update included technical details regarding the ETF’s listing on the Cboe BZX exchange and the fund’s new address information. There have been no changes to the fund’s basic structure, fee policy, or redemption terms. The SEC’s review process is ongoing, with a final decision expected by March 2026.
Canary SUI ETF is designed to offer investors direct access to the SUI asset. BitGo Trust will provide custodial services for the fund, while performance monitoring will be carried out using the CoinDesk SUI CCIXber 60m New York Rate index. Additionally, the fund plans to stake a significant portion of its acquired SUI assets to generate passive income, highlighting an innovative strategy within the crypto ETF market.
New Move in the Gaming Ecosystem: Launch of Jackson.io Token
On October 20, Jackson.io, a Sui-based gaming platform, officially launched its native token, $JACKSON. The project initiated the Phase-1 Token Generation Event (TGE), covering 24% of the token supply. By leveraging Sui’s high transaction speed and Move-based secure infrastructure, Jackson.io aims to enhance on-chain gaming experiences. This launch is also seen as a new indicator of the growing GameFi focus within the Sui ecosystem.
SUIG and the “SUI Bank” Vision: 90% Ecosystem Return
SUIG, driving the financial growth of the SUI ecosystem, announced plans to establish a new structure called “SUI Bank,” returning 90% of its profits to the ecosystem. These funds are set to be allocated to areas such as developer grants, liquidity incentives, and project investments.
This strategy aims to increase the number of applications on the network and establish a community-centered growth model.
SUIG’s vision supports grassroots ecosystem dynamism alongside instruments like ETFs that capture institutional investor interest.
Recently, the Sui network has gained remarkable momentum in both institutional financial products and application layer developments. The progress in the ETF filing creates hope for SUI to become part of regulated financial products, while projects like Jackson.io expand the chain’s real-world use cases. SUIG’s growth plan focuses on achieving sustainable revenue distribution and investment returns within the ecosystem.
