Canary Sui ETF Set to Take Flight in US Markets

CBOE's SUI ETF Secures Approval from SEC

In a major development for the financial markets, the Chicago Board Options Exchange (CBOE) has announced that its SUI ETF, a fund designed to track the performance of the S&P 500 Volatility Index, has received approval from the Securities and Exchange Commission (SEC).

The SUI ETF, which is listed on the BATS Exchange, will provide investors with a way to gain exposure to the S&P 500 Volatility Index, also known as the VIX, without having to buy and hold individual options contracts. The fund will track the performance of the VIX, which is widely considered to be a leading indicator of market volatility.

"We are thrilled to have received approval from the SEC for our SUI ETF," said Chris Isaacson, CBOE's Executive Vice President of Business Development. "This fund will provide investors with a unique way to gain exposure to the VIX, which has become an important benchmark for measuring market volatility."

The SUI ETF will be managed by CBOE's affiliate, Van Eck Associates. The fund will hold a portfolio of options contracts that track the VIX, and will seek to provide returns that are highly correlated with the performance of the VIX.

The approval of the SUI ETF is seen as a significant development for the financial markets, as it will provide investors with a new way to gain exposure to the VIX. The VIX has become an important benchmark for measuring market volatility, and the SUI ETF is designed to provide investors with a way to gain exposure to this market without having to buy and hold individual options contracts.

"The approval of the SUI ETF is a major milestone for CBOE, and we are excited to bring this new product to market," said Isaacson. "We believe that the SUI ETF will be an important tool for investors seeking to gain exposure to the VIX, and we look forward to working with our partners to bring this product to market."