SUI ETF on the Horizon: 21Shares Throws Hat in Crypto Fund Ring

Move over, Bitcoin—there’s a new ETF contender in town. 21Shares just filed for a SUI-focused exchange-traded fund, signaling institutional appetite for Layer 1 tokens beyond the usual suspects.

Why it matters: While Wall Street still debates spot Bitcoin ETFs, crypto natives are already playing the next hand. SUI’s modular blockchain design could be the dark horse of 2025’s infrastructure race.

The cynical take: Nothing says ’mature asset class’ like financial institutions repackaging your bags into fee-generating products. But hey—at least the suits are finally learning to spell ’Move’ language.

(Source)

We just received the announcement that 21Shares filed for an SUI ETF, another bullish sign for early investors.

SUI Price Action: Insights from Technical Analysis in May 2025

(SUIUSD)

Let’s begin today’s analysis by looking at the 1D chart, particularly the market trend. We have three clearly defined periods (in red) where sui price declined or retraced.

Each of these three saw the RSI drop below the median line. Each break above this RSI line was accompanied by a Market Structure Break on the price chart, followed by a test of that 46 line.

I’d say it is more of a zone than a strict line. We have a clear uptrend that started with the low in October 2023, followed by higher highs and higher lows.

(SUIUSD)

Again, on the 1D chart, a few key levels to watch are the Yearly Open, Yearly High, and Monthly Low, as well as MA200, which is currently acting as support.

On the chart above, it can be seen that when the price broke above MA200 both previous times, it moved to a new ATH. SUI price could test the Monthly Low or even one of the other MAs, but it could continue up from here.

(SUIUSD)

In the 4H timeframe, we can see the current range in which SUI is bound. RSI has reset. Next, we’d love to see the MAs successfully reclaimed during this timeframe. That will secure the beginning of the next MOVE up – so watch closely for this.

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SUI Price Action Unveiled: 21Shares files for SUI ETF

• SUI Price has bullish structure since 2023
• RSI looks ready for next leg up
• Potential move to new ATH coming next
• Needs to reclaim MA200 on 4H