### **🚀 21Shares Files Spot ETF SUI with SEC!**
#### **📌 Key Points**
- **21Shares** (European asset company) has filed for a **spot ETF SUI** with the SEC, adding to their list of crypto ETF applications (XRP, SOL, DOGE, DOT).
- **ETF Details**:
- **No staking** – SUI assets are held in Coinbase without generating yield.
- Asset value based on **SUI spot price**.
- **Strategic partnership with Sui**:
- Product & research collaboration to expand ecosystem adoption.
#### **📈 Impact on SUI Price**
- **SUI rose 4%** after the announcement (to **$3.70**), now stabilizing at **$3.65**.
- **SUI market cap**: **$12.2 billion** (ranked #13 crypto).
#### **🔍 Why Is This Important?**
✅ **Sui is increasingly recognized by institutions** – ETFs can bring significant liquidity.
✅ **SUI becomes the preferred blockchain** for DeFi, gaming, & asset tokenization.
✅ **21Shares is actively expanding crypto ETFs** – There are already BTC & ETH ETFs in the US.