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 Might 23, 2025.
This could mark the primary ETF proposal straight tied to the Sui blockchain’s native token, positioning it alongside main crypto property like Bitcoin and Ethereum that have already got ETF merchandise in progress or in market.
The proposal was submitted through Kind 19b-4 by Nasdaq’s Senior Affiliate Common Counsel Solar Kim, outlining plans to listing and commerce the 21Shares SUI ETF.
The submitting confirms that is an preliminary request below Part 19(b)(2) of the Securities Alternate Act, a key regulatory step towards potential approval by the U.S. Securities and Alternate Fee (SEC).
If accredited, the ETF would give traders oblique publicity to SUI by conventional monetary markets with no need to straight maintain or handle the underlying digital asset. This might probably enhance demand and mainstream consciousness of the Sui community — a fast-growing Layer 1 blockchain constructed for scalable sensible contracts and DeFi purposes.
The submitting provides to a wave of latest ETF momentum throughout the crypto area and underscores the rising institutional curiosity in diversifying past Bitcoin and Ethereum into next-gen blockchain platforms.
Kosta Gushterov
Reporter at Coindoo
Kosta has been part of the staff since 2021 and has solidified his place with a thirst for information, unimaginable dedication to his work and a “detective-like” mindset. He not solely covers a variety of trending matters, he additionally creates evaluations, PR articles and academic content material. His work has additionally been referenced by different information shops.
