🚨 BREAKING: 21Shares Files for Spot SUI ETF with Nasdaq, Aiming to Boost Mainstream Crypto Adoption

Date: May 27, 2025, 17:57 IST
Swiss-based crypto asset manager 21Shares has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) tracking SUI, the native token of the high-throughput Sui blockchain. The filing, submitted to list on Nasdaq, marks a significant step toward mainstream adoption of SUI, a layer-1 blockchain known for its scalability and DeFi ecosystem. This move follows 21Shares’ strategic partnership with the Sui Foundation and comes amid growing institutional interest in altcoin ETFs, with SUI’s price surging 10.9% to $3.73 in the past 24 hours.