The countdown for Sui’s next big move might have just started. Canary Funds has officially filed Amendment #1 for its spot SUI ETF with the U.S. SEC, a key step that signals the fund is nearly ready to go live on CBOE.
The filing doesn’t change any of the core details or risk factors. It simply adds the official ticker, which usually means one thing: the ETF is getting close to launch.
With the SUI price now sitting around $2.48, traders are starting to wonder if this could be the spark that reignites momentum. After all, when ETFs for Bitcoin and Ethereum were approved, their prices jumped fast. Could Sui be next?
What’s Going On With SUI Right Now
Sui’s ecosystem has had a wild few weeks. On the negative side, Typus Finance, a Sui-based perpetuals DEX, got hit by a $3.4 million exploit due to an oracle bug.
This follows other hacks earlier this year, the $220 million Cetus breach in May and the $2.4 million Nemo Protocol incident in September. These repeated security issues have made investors question whether Sui’s DeFi ecosystem is ready for serious money.
But it’s not all bad news. Sui also announced a partnership with Google to develop the Agentic Payments Protocol (AP2), a system that lets AI agents make onchain transactions autonomously.
It’s a bold move that could put Sui at the front of the race to connect AI and blockchain, something few projects have managed to do well so far.
And despite recent volatility, trading activity is heating up again. Last week, SUI’s trading volume jumped 80%, even as the broader crypto market entered a fear phase (the Fear & Greed Index sits at just 22). That tells you traders are still paying attention.
What the SUI ETF Could Mean
The ETF story could change everything for Sui price. A spot ETF listed on CBOE would make it easier for traditional investors, funds, brokers, and institutions to get exposure to SUI without touching a crypto wallet. It’s the same setup that helped fuel Bitcoin’s massive run earlier this year.
If approved, the ETF could help stabilize demand and boost confidence in Sui’s long-term growth. Even a modest wave of institutional inflows could push the price toward $3.00 or higher. And if momentum carries through, some traders are already eyeing the $3.50–$4.00 range as a potential Q4 target.
The only unknown is timing. If the SEC acts quickly, the hype could kick in before the end of the year, right when the market starts recovering from its October lows.
🧾 $SUI ETF — next step toward approval
Canary Funds just filed Amendment #1 for their Spot @SuiNetwork ETF with the SEC.
The update adds the official ticker on @Cboe, signaling readiness for market listing.
No changes to terms or risk factors — only structural updates 🌊 pic.twitter.com/GEaXbwnSJ6
— Sui Corner (@SuiCorner) October 18, 2025
Read Also: This Analyst’s Latest Move Could Be the Key to $5 Cardano (ADA)
Short-Term Outlook for SUI Price
The next few weeks could define Sui’s short-term direction. The Typus hack left a dent in confidence, but the Google partnership and ETF anticipation are powerful bullish forces that could easily flip sentiment.
If ETF approval chatter grows louder, speculative buying could return fast. A move above $2.65 might set the stage for a run toward $3.50, and if momentum really kicks in, even $4.00 isn’t out of the question for SUI price.
Right now, Sui feels like it’s sitting in the calm before a storm; either it breaks higher on strong fundamentals, or it stalls out if traders lose patience. But with an ETF potentially around the corner, many investors are starting to think this might be the last quiet phase before the next big move.
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