NASDAQ has filed a spot Sui Exchange-Traded Fund (ETF) in the US for Crypto Asset Manager 21Shares, starting the review process of the Securities and Exchange Commission.
Stock Market 23 May 19 B -4 AdmissionWhich asks SEC to list the 21shares needle ETF, on 30 April of 21Shares on 30 April of its S-1 registration details, which asked the regulator to approve the proposed fund trade.
Both regulatory filing for Gi Live for SUI (SUI) Tracking Fund, 19B-4 filing stopped the SEC review process. The agency must decide that the application should be accepted, rejected or delayed within 45 days and it can delay its decision several times for a maximum review period of 240 days.
SEC should decide on the latest 21Shares application by January 18, 2026.
21Shares proposed Bitgo and Coinbase detention as Custodian to keep the Sui on behalf of the trust, however, the filing did not include details on the management fee or ticker.
Canary Capital is the only other asset manager who has submitted the 19B -4 and S -1 filing to list the spot needle ETF on 8 April.
21Shares said in its 19B-4 filing that SUI token provides strength to the SUI network and fulfills four main objectives: this can be stake to earn the award, used to pay gas fee, SUI acts as a liquid property for applications and acts as a governance token.
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The SUI ecosystem focuses largely on decentralized applications and has been called a potential Solana killer.
SUI is the 13th largest cryptocurrency, but its $ 12.3 billion market cap is a fraction of the 92 billion market cap of Solan (SOL), According For coingecko.
The purpose of 21Shares is to add to Sui Prasad
21shares already lishes a SUI exchange-traded product in Europe, on Euronext Paris and Euronext Amsterdam stock exchanges.
Those listings have contributed to SUI-based exchange-traded products, which have $ 317.2 million in property under their management (AUM), According May 26 report from Coinshares.
The needle ETP increased by $ 2.9 million between May 16 and May 24, and only trails bitcoin (BTC), Ether (ETH), Solan and XRP (XRP) in terms of net assets.
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