🇨🇭 21Shares Launches Race for SUI ETF — Token Surges by 11%

Swiss asset manager 21Shares has filed an application with the SEC to launch a spot ETF for the SUI token — a blockchain developed by former Meta engineers.

📈 The SUI price reacted instantly: +10.9% in 24 hours, reaching $3.68. Market cap — $11.8 billion.

🔥 Meanwhile:

— The SUI Foundation has partnered with Fireblocks to support institutional custody and DeFi infrastructure.

— 21Shares President: “SUI could become one of the key blockchains in the industry.”

🔍 Institutional players are seriously entering the SUI ecosystem. If the ETF gets approved, the token could see a massive capital inflow.