Nasdaq has submitted a filing to the U.S. Securities and Exchange Commission (SEC) seeking approval to list the 21Shares SUI Exchange-Traded Fund (ETF). This proposed spot ETF would be directly backed by the SUI token, offering traditional investors a regulated pathway to gain exposure to the asset.
The filing arrives amid significant institutional interest in SUI. The Sui Network itself has reported global Exchange-Traded Product (ETP) inflows exceeding $300 million, underscoring substantial institutional demand for the token.
Should the SEC approve the application, a U.S.-listed SUI ETF is expected to enhance the token’s liquidity and price stability while boosting its overall market recognition.
The SEC’s pending decision on this application is viewed as a critical factor influencing the future development and acceptance of altcoin-based investment products within the traditional financial system.
This move by Nasdaq aligns with a broader trend of increasing demand from institutional investors for compliant cryptocurrency investment options.