🚨 ETF News Incoming! 🚨
As the SEC keeps delaying decisions on spot crypto ETFs ⏳, another player steps into the game — 21Shares is making moves! 🧠💼
📄 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 — pending SEC approval ✅📊.
🔍 The goal? To provide direct exposure to the spot price of SUI, the native token of the Sui Network, with custody handled by Coinbase 🪙🔐. This new application follows recent filings by 21Shares for ETFs based on XRP, Solana, Dogecoin, and Polkadot 🌐🔥.
🤝 In addition to the ETF filing, 21Shares also revealed a strategic partnership to help expand global access to the SUI ecosystem 🌍🚀.
🗣️ “We’ve submitted a SUI ETF application to the SEC — a major step in expanding exchange-traded access to SUI,” the company announced.
👀 Interestingly, before this, Canary Capital also filed for a spot Sui ETF, showing growing institutional interest 📈.
📉 After a recent dip caused by a hack on the SUI-based Cetus Protocol DEX, SUI is bouncing back 📊. The latest ETF buzz gave it a boost, with the token currently trading at $3.65 💸✨. #SUI🔥 #Altcoin #Binance #BinanceSquareFamily #crypto
