The post Sui Price Pops 9% as 21Shares Seeks SEC Approval for ETF appeared on BitcoinEthereumNews.com.

In brief 21Shares filed for a Sui ETF in the U.S. 21Shares announced a “strategic partnership” with Sui. The token’s price jumped 9% to $3.69. Crypto asset manager 21Shares applied for an exchange-traded fund tracking the price of Sui, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. The 21Shares Sui ETF aims to broaden investors’ access to the native token of the layer-1 network designed for high-speed transactions, which has been dubbed by some as a “Solana Killer.” The filing  named Coinbase as a custodian to safeguard investors’ funds, according to the registration statement, but did not specify an exchange on which the fund would trade, or its ticker name. The Swiss-based crypto asset manager meanwhile announced a “strategic partnership” with Sui, which will entail product collaborations and research reports, according to a press release.  “Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry,” 21Shares President Duncan Moir said. “We operate based on conviction but also investor demand, and our planned roadmap with Sui is a reflection of both.” The price of Sui recently spiked on Wednesday to $3.73, a 9.3% increase over the past day, according to crypto data provider CoinGecko. The asset’s price has soared 80% over the past 14 days, but it remains below a peak of $5.35 in January. Canary Capital filed for a similar Sui ETF with the Securities and Exchange Commission in March, which would be listed on the Cboe. The exchange later proposed a rule change to the SEC that would allow Canary’s ETF to trade, completing a key step in the approval process. Although analysts expect the SEC to approve spot crypto ETFs beyond Bitcoin and Ethereum this year, the regulator has to flash asset…

---

Filed under: News - @ May 1, 2025 8:26 pm