In a major transfer for the Sui ecosystem, 21Shares has formally filed for a SUI exchange-traded fund (ETF) with Nasdaq, in line with a newly surfaced SEC submitting dated Could 23, 2025.
This might mark the primary ETF proposal instantly tied to the Sui blockchain’s native token, positioning it alongside main crypto belongings like Bitcoin and Ethereum that have already got ETF merchandise in progress or in market.
The proposal was submitted by way of Type 19b-4 by Nasdaq’s Senior Affiliate Basic Counsel Solar Kim, outlining plans to checklist and commerce the 21Shares SUI ETF.
The submitting confirms that is an preliminary request underneath Part 19(b)(2) of the Securities Trade Act, a key regulatory step towards potential approval by the U.S. Securities and Trade Fee (SEC).
If accepted, the ETF would give traders oblique publicity to SUI via conventional monetary markets without having to instantly maintain or handle the underlying digital asset. This might doubtlessly enhance demand and mainstream consciousness of the Sui community — a fast-growing Layer 1 blockchain constructed for scalable good contracts and DeFi purposes.
The submitting provides to a wave of current ETF momentum throughout the crypto house and underscores the rising institutional curiosity in diversifying past Bitcoin and Ethereum into next-gen blockchain platforms.
