Nasdaq has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) seeking approval to list the 21Shares SUI exchange-traded fund (ETF). This regulatory step initiates the review process for an investment product directly tied to the SUI token, the native cryptocurrency of the high-performance Sui blockchain.
Global investment in SUI-based exchange-traded products has surpassed $300 million prior to this U.S. listing effort. The proposed ETF aims to broaden institutional and retail investor access to the Sui ecosystem through traditional market channels.
Major financial institutions including Canary Capital, Ant Financial, and Franklin Templeton have launched investment products or blockchain initiatives on Sui since late last year. This activity reflects accelerating institutional confidence in the network’s infrastructure.
The Sui blockchain distinguishes itself through an object-oriented programming model and scalable architecture, enabling diverse applications across decentralized finance, gaming, and asset tokenization. The network demonstrated robust activity with stablecoin transfer volumes exceeding $110 billion in May.
21Shares, a prominent cryptocurrency exchange-traded product provider, intends to bridge traditional finance and decentralized assets through this ETF. The firm leverages its capital markets expertise to facilitate institutional-grade exposure to the Sui ecosystem.