European cryptocurrency investment firm 21Shares has applied for a spot Sui exchange-traded fund (ETF) in the United States, expanding its presence in the US market. The 21Shares Sui ETF registration was submitted to the SEC on April 30, aiming to issue common shares tracking SUI performance. This move follows the successful trading of the 21Shares Sui Staking product in Europe last year. The 128-page filing does not disclose the US exchange for the new ETF. The ETF, focusing on SUI exposure without leverage or speculative trading, is part of a growing trend. Other companies like Canary Capital have also filed for a Sui ETF in the US. With Sui-based ETPs gaining traction in Europe, the US market shows promise with $400 million in assets under management. The 21Shares ETF is among the many awaiting SEC approval, with over 70 new crypto ETF filings currently under review. Read more AI-generated news on: https://app.chaingpt.org/news

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