Nasdaq has filed Form 19b-4 with the U.S. SEC for the 21Shares SUI ETF, initiating a process for potential listing. This action marks a significant step for regulated U.S. exposure to the SUI Layer 1 token.
SUI Staking Included in ETF Proposal
21Shares, a recognized digital asset ETP issuer, has confirmed the inclusion of SUI staking in its proposal. Kevin Boon, President of Mysten Labs, stated, "The Sui ecosystem has become a primary destination for serious builders and institutions, and 21Shares has built its legacy on identifying those trends early. The milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI."
Market Reaction and Institutional Interest
Market reactions include a 2% rise in SUI token price, trading near $3.64. The filing suggests increased institutional interest in SUI, bolstered by over $300 million in global ETP inflows.
The provided Twitter embed is integrated here, linking to the Sui Network's announcement regarding the Nasdaq filing.
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Regulatory Approval and Future Implications
Financial considerations arise as ETF details include SUI staking, contingent on SEC approval. The SEC's decision could significantly impact the cryptocurrency's market and institutional growth trajectory. The deadline for comments on the filing is set for September 2025.
Insights suggest potential regulatory shifts with a successful listing paving the way for more Layer 1 ETFs. SUI's position as a new entrant could influence broader ETF market availability and adoption.