📢 21Shares Amends S-1 for Spot Sui ETF — Introduces On-Chain Staking Model

21Shares has filed a second amended S-1 with the SEC for its proposed spot Sui ETF, adding significant new disclosures focused on staking — a first-of-its-kind feature for a U.S.-listed product tied to a Layer-1 blockchain.

🔑 Key Updates in the Filing

▫️ A full new section on “Staking of Trust’s Assets” was added

▫️ The filing outlines unbonding and redemption mechanics

▫️ Concentration, trust size, and validator performance are now explicitly addressed

▫️ Market condition monitoring included as a risk & governance measure

🤝 Staking Partnership

21Shares US LLC has entered into a staking agreement with Coinbase Crypto Services, which will serve as the validator and infrastructure provider for an initial two-year term.

🔍 Notable Omissions (for now)

▫️ No ticker symbol disclosed yet

▫️ Fee structure is still not public

💡 Why this matters

If approved, this ETF could mark a new phase for tokenized yield in regulated markets, bridging on-chain staking economics with traditional ETF structures — a potential template for future Layer-1 asset ETPs in the U.S.

#21Shares #Sui #ETF #Crypto #DeFi

https://coingape.com/21shares-amends-sui-etf-staking-nasdaq-listing-other-key-details/?utm_source=coingape&utm_medium=linkedin