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Nasdaq Files for 21Shares Sui ETF, Kicking Off SEC Review

  • On May 23, 2025, 21Shares submitted a Form 19b-4 to Nasdaq seeking approval to launch a spot ETF based on the Sui blockchain’s native token, beginning the regulatory review by the SEC.
  • The filing follows earlier S-1 registration on April 30 and reflects growing demand for blockchain ETFs beyond Bitcoin and Ethereum, with Canary Capital also filing for a Sui ETF.
  • The ETF would provide investors indirect exposure to the SUI token, which powers the Sui blockchain, a Layer 1 platform for smart contracts and DeFi applications.
  • The SEC must decide by January 18, 2026, but can delay up to 240 days, while SUI’s market cap stands at $12.3 billion and its price rose 6.57% after the filing.
  • If approved, 21Shares’ Sui ETF could enhance institutional adoption and mainstream awareness of the blockchain, amid ongoing price volatility and technical signals indicating potential recovery.
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Nasdaq files for 21Shares Sui ETF, kicking off SEC review

Nasdaq has filed with the SEC to list 21Shares spot Sui ETF, joining Canary Capital as the only other issuer bidding to launch a similar product.

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Coindoo broke the news in on Tuesday, May 27, 2025.
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