Nasdaq file lists 21shares sui etf, launches SEC comment

Nasdaq has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) for approval to list 21shares sui etf.

The document has now been published in the SEC’s public register, initiated the formal beginning of the regulatory review process and followed 21Shares’ S-1 registration statement, which was filed in April.

Bringing SUI ETFs to the US Market

The proposed fund signal has grown institutional interest in the SUI ecosystem, known for its high throughput and developer-friendly architecture. 21shares has already offered SUI Exchange trading products (ETP) in Europe, after listings on Paris and Amsterdam, and inflows of products have surged in recent months.

In fact, the SUI Foundation revealed that more than $300 million is allocated to SUI’s investment products worldwide. Therefore, the expected successful U.S. launch will provide wider access to the network and its tokens. Interest in SUI has exceeded 21 shares, including companies like Canary Capital, Franklin Templeton, Vaneck, Grayscale and Ant Financial, with various initiatives related to the network since the end of 2024.

Mysten Labs President Kevin Boon said in an official statement

“The SUI ecosystem has become a major destination for serious builders and institutions, and 21shares has built its legacy to identify these trends as early as possible. Looking back two years ago, looking back at our mainnet, the milestones for the Nasdaq Documents were a powerful moment. We are proud to help every investor access the world of SUI.”

SUI Q1 performance

SUI’s Defi ecosystem gained significant momentum in Q1 as average daily DEX volume hit a record $304.3 million, up 14.6% in the quarter. Cetus and Bluefin dominated the transaction, while Kriya, Deepbook and Turbos promoted liquidity diversification.

Despite this growth, SUI tokens struggled during this period, with its circular market cap falling 40.3% to $7.2 billion, doubled the broader market drop of 18.2%.

The altcoin experienced a brief respite in mid-May, trading near $3.96, but it has declined shortly thereafter, as its volatility increased and fell below $3.00 in early June, and the wider market has gradually declined. But, since then, it has rebounded and by June 11, it climbed to about $3.50.