๐จ ETF News Incoming! ๐จ
As the SEC keeps delaying decisions on spot crypto ETFs โณ, another player steps into the game โ 21Shares is making moves! ๐ง ๐ผ
๐ Nasdaq has submitted a 19b-4 filing to the U.S. SEC on behalf of the 21Shares SUI ETF. This filing is a formal request to list the ETF โ pending SEC approval โ ๐.
๐ The goal? To provide direct exposure to the spot price of SUI, the native token of the Sui Network, with custody handled by Coinbase ๐ช๐. This new application follows recent filings by 21Shares for ETFs based on XRP, Solana, Dogecoin, and Polkadot ๐๐ฅ.
๐ค In addition to the ETF filing, 21Shares also revealed a strategic partnership to help expand global access to the SUI ecosystem ๐๐.
๐ฃ๏ธ โWeโve submitted a SUI ETF application to the SEC โ a major step in expanding exchange-traded access to SUI,โ the company announced.
๐ Interestingly, before this, Canary Capital also filed for a spot Sui ETF, showing growing institutional interest ๐.
๐ After a recent dip caused by a hack on the SUI-based Cetus Protocol DEX, SUI is bouncing back ๐. The latest ETF buzz gave it a boost, with the token currently trading at $3.65 ๐ธโจ. #SUI๐ฅ #Altcoin #Binance #BinanceSquareFamily #crypto