Best Crypto to Buy as Canary Capital Files for First-Ever SUI ETF

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The best crypto to buy are now shining stronger that the SEC has acknowledged the filing of the first-ever SUI-based ETF by Canary Capital – an institutional crypto management and trading firm.

SUI is a layer-1 blockchain solution offering high-speed transactions through ‘horizontal scaling.’ It processes unrelated transactions simultaneously instead of processing each transaction individually, saving a lot of time. SUI is also among the top 10 on the list of chains with the most Total Value Locked (DeFi). It houses more than $2B.

If approved, this would become the US’s first public investment vehicle with a sole focus on SUI.

The SUI blockchain has garnered a lot of support in the last few months. Investment firms like VanEck, Grayscale, Franklin Templeton, and Ant Financial have launched various products on the network.

This scalable blockchain solution is an ideal option for various use cases, such as gaming, DeFi, and enterprise-level applications.

A SUI-based ETF will further increase the adoption of the solution, leading to better blockchain performance and more investor interest for altcoins and meme coins, potentially. The Growing ETF Trend Is Too Strong to Ignore

The SEC has maintained an anti-crypto ETF stance for the last 4 years. However, the appointment of Trump as the president changed this.

The agency has been flooded with ETF applications for various cryptos, such as Dogecoin, Litecoin, Solana, XRP, and many more. It’s also worth noting that the massive success of Bitcoin ETFs in the country has only encouraged financial institutions to back other crypto ETFs as well.

Exchange Traded Funds (ETFs) are instruments that allow investors to invest in crypto assets without having to buy them directly.

So, if you want to invest in Bitcoin, you can buy a Bitcoin ETF instead of actual $BTC. The ETF fund may either hold $BTC or trade in $BTC derivatives – you can choose the type of ETF you want to buy.

With ETFs becoming the new trend, new money will flow into the markets, and demands are going to increase.

This is, therefore, the right time to invest in some promising crypto assets for massive returns. Here are some of the best cryptos you can look at. 1. BTC Bull Token ($BTCBULL) – Best Crypto to Buy to Benefit from Bitcoin’s Success

Speaking of new cryptos that have the potential to take the industry by storm, BTC Bull Token ($BTCBULL) could just be the best of them.

As the first-ever crypto to offer free (and real) $BTC to token holders who hold $BTCBULL in Best Wallet, BTC Bull Token has positioned itself perfectly.

It will be able to ride on the coattails of Bitcoin, which will undoubtedly surge to new highs in the coming years.

Also, because BTC Bull Token’s Bitcoin giveaways will occur every time $BTC reaches a new high (like $150K, $200K, and $250K), it has, in a way, protected itself from the possibility of dying market hype – which is a genuine headache for even the best meme coins.

Another way the developers plan to sustain $BTCBULL’s hype (and price) is through regular token burn events. Furthermore, they’ve also kept 40% of the total supply for PR and marketing purposes.

It’s almost one month since the launch of the BTC Bull Token presale, and we can confidently say that the hype is real.

The project has already raised a staggering $3.76M, and it continues to expand by the minute. Each token is currently available for just $0.002415 – here’s how to buy BTC Bull Token. 2. Solaxy ($SOLX) – One of the Best Altcoins with Real-Life Application

Even though pure meme coins like $BROCCOLI and $TRUMP have churned out exemplary returns, we’ve seen just how short-lived their hype can be.

That’s why we believe it’s better to opt for a meme coin with real utility, like Solaxy ($SOLX).

Solaxy aims to solve Solana’s problems. Solana, in case you didn’t know, has been suffering from network congestion and scalability issues.

It’s still the go-to blockchain for meme coins, but it must quickly reinvent itself if it wants to continue dominating. Enter Solaxy.

$SOLX plans to build the first-ever Layer 2 scaling solution on Solana. It will execute transactions off-chain, thus reducing the pressure on Solana’s mainnet and solving the long-drawn issue of congestion, which led to failed transactions.

Another standout feature of Solaxy is its multi-chain compatibility. Simply put, it will combine Ethereum’s liquidity with Solana’s speed and low fees to potentially become a key catalyst in Solana’s growth.

The best part? Solaxy is currently in presale ($26.8M+ raised), meaning the token is available at some of its cheapest prices. 1 $SOLX right now will only cost you $0.001666.

If this is your first crypto presale purchase, here’s a detailed guide on how to buy Solaxy. 3. Toncoin ($TON) – Hot Token with over 33% Gains in Last 7 Days

Toncoin ($TON), the native token of the TON network, aims to catalyze the creation of a Web3 ecosystem within the Telegram Messenger.

By doing so, i.e., by integrating crypto with everyday messaging apps like Telegram, TON wants to achieve its goal of making blockchain technology accessible to the average internet user.

Originally called the Telegram Open Network (TON), it was renamed The Open Network after the end of Telegram’s involvement with the project following an SEC intervention.

The $TON token has seen a massive jump of over 33% in the last week. This is because the French authorities have returned the passport of Telegram’s founder, Pavel Durov.

Earlier, Durov’s detainment drew concerns from free speech advocates worldwide. After a fleshed-out battle, Durov finally has the ability to travel freely again.

The TON Foundation celebrated this on its official X feed. $TON is currently trading at $3.52, with an impressive market cap of $8.75B.

With an extremely bullish community sentiment and several upcoming features, this could be the right time to invest in this token, which could be the next crypto to explode. Bottom Line

A potential SUI ETF speaks volumes about crypto’s increasing adoption worldwide, which will consequently result in a spike in prices across the board.

However, it’s worth remembering that the market promises nothing. Yes, there’s a high probability we’re going to see new all-time highs very soon, but one violent liquidation move down could wreak havoc on your portfolio.

That’s why it’s important to consider the average range of the market before investing. Also, we recommend only investing a small amount, especially if you aren’t experienced in crypto.

Last but not least, you must always do your own research before buying cryptocurrencies. None of what has been said in this article is financial advice, after all.