🚀 **21Shares Files Spot Sui ETF in the US!**
🔹 **Breaking News:**
- **21Shares**, a European crypto investment firm, officially filed a **Spot Sui (SUI) ETF** with the **SEC**!
- This is their expansion step after successfully launching the **Sui Staking ETP** in Europe last year.
📈 **ETF Details:**
- Will **directly hold SUI assets** (without leverage/derivatives).
- No information yet on **ticker or exchange** to be used.
- Joining **70+ other crypto ETF applications** waiting for SEC approval.
🌍 **Background:**
- **Canary Capital** previously filed for a Sui ETF in **March 2024**.
- A similar product (Sui ETP) already exists in Europe with **$400 million AUM** & **$72 million inflow YTD**.
- Current **SUI** price: **$3.71** (📉 down 2.1% in 24 hours).
💡 **What Does It Mean?**
- If approved, this could **drive institutional adoption** for the Sui Network.
- **SEC still has many crypto ETF applications** to review – including Solana, XRP, and others.
🎯 **Prediction:**
- Will the **Sui ETF** get the green light?
- Will this be a **catalyst for SUI price**?
