The post Nasdaq Seeks SEC Approval to List 21Shares SUI ETF appeared on BitcoinEthereumNews.com.

Nasdaq submitted the 21Shares SUI ETF SEC filing.  The Sui ecosystem has $300M in global ETP investments.  SEC review process began, decision due by Jan. 18, 2026.  SUI trades at $3.49, with a $11.87B market cap. A 19b-4 version of the 21Shares SUI ETF has been filed with the SEC to be listed on Nasdaq, allowing regulated exposure to the SUI blockchain.The SEC will publish the filing in its public register on June 10, 2025, to formally begin the review process. This comes after the April S-1 registration of 21Shares, indicating an increasing institutional demand in the ecosystem of Sui. The proposed ETF’s investment strategy is based on tracking the current price of SUI, the utility token of the high-performance Layer 1 Sui network blockchain. The U.S. listing could increase the platform’s accessibility; over $300 million has already been invested in SUI-based exchange-traded products abroad. SUI is currently trading at $3.49, which is -1.24% lower than its price in the last 24 hours, and its market cap is $11.87 billion, and its 24-hour trading volume is $972.06 million.  Institutional Momentum for Sui Sui ecosystem has been gaining traction with its object-oriented programming and scalable architecture, allowing decentralized finance, games, and real-world asset tokenization. Its stablecoin market cap is more than $1.1 billion, up 190 percent in 2025, and stablecoin transfer volume in May has topped $110 billion. In its filing, Nasdaq cites the attraction of Sui to institutional investors. The ETF would offer an institutional means of investing in the cryptocurrency without holding any SUI tokens. Coinbase Custody and BitGo are named as the custodians, and both offer institutional-level security. SEC has up to January 18, 2026, to decide on the application, and can extend the application by not more than 240 days. Consistent with previous Bitcoin and Ethereum ETF…

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Filed under: News - @ June 11, 2025 11:23 pm