According to Deep Tide TechFlow, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission to list the 21Shares SUI ETF, a spot trading fund based on SUI tokens. The 19b-4 document has been published to the SEC's public registration system, marking the start of the review process.
This application closely follows the S-1 registration document submitted by 21Shares in April, reflecting a deepening embrace of the Sui ecosystem by institutions. If it can list in the United States, it will broaden investors' adoption of this innovative Layer 1 ecosystem.
21Shares has launched the Sui ETP on the Euronext exchanges in Paris and Amsterdam, and the inflow of funds into this product has significantly increased this year. The Sui technology has attracted institutions such as Canary Capital and Ant Group, which have launched related investment products since the fourth quarter of last year.
