While SEC postponement decisions on spot ETF applications continue to come one after another, the latest move came from 21 Shares.
Accordingly, Nasdaq filed a 19b-4 filing with the U.S. Securities and Exchange Commission for the 21Shares SUI ETF.
The exchange’s 19b-4 filing means it is seeking regulatory permission to list the ETF, provided it receives SEC approval.
The ETF aims to offer direct exposure to the spot price of SUI, the native cryptocurrency of the Sui network, which is custodied by Coinbase;
21Shares filed its first application for a spot Sui ETF with the SEC on May 1, following recent filings for XRP, Solana, Dogecoin, and Polkadot-based funds. Along with this ETF filing, 21Shares also announced a strategic partnership to expand global access to the SUI ecosystem.
“We have filed with the SEC for a SUI ETF in the US, our first step towards expanding exchange-traded access to SUI.”
Before 21Shares, asset manager Canary Capital also filed with the SEC for a spot Sui ETF in the US.
Having recently fallen due to the attack by the SUI-based DEX Cetus Protocol, SUI turned its direction upwards with the latest ETF news and experienced some recovery. SUI continues to trade at $3.65 at the time of writing.
*This is not investment advice.
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