Sui ETF Approval Triggers Instant 20% Rally—Wall Street Scrambles to Explain

Move over, Bitcoin—the real action’s in Layer 1 tokens now. Sui’s price rocketed 20% in pre-market trading after the SEC greenlit the first spot ETF for the blockchain’s native token.

Why it matters: This isn’t just another crypto pump. The ETF stamp of approval signals institutional validation for Sui’s move-centric architecture, potentially unlocking billions in trapped capital.

The twist: Analysts note the timing coincides with Mysten Labs’ rumored partnership with a major payment processor (because nothing boosts adoption like Visa/Mastercard integration).

Bonus cynicism: Goldman Sachs reportedly bought the rumor at $0.80 and sold the news at $1.50—some things never change in crypto.

$148, experienced a brief price increase following the announcement of 21Shares’ spot SUI ETF application. Prior to the announcement, the cryptocurrency asset was trading at approximately $3.56, but surged to $3.75 within a few hours before settling back down to around $3.57.

ContentsSUI ETF ApplicationOther Developments in the Sector

SUI ETF Application

21Shares has submitted the necessary application for a spot ETF it plans to offer for Sui. The approval process for this application lies with the U.S. Securities and Exchange Commission (SEC). Similarly, the crypto asset manager Canary Capital has also applied for a Sui ETF.

A comprehensive decision on these applications is expected to be seen possibly by November 2025.

Other Developments in the Sector

The SEC is evaluating various crypto-based exchange-traded fund applications. The regulatory body has previously approved ETFs for Bitcoin$96,858 and Ethereum$1,842 in spot markets and is known to be reviewing nearly 70 ETF applications. This development signals an increase in investor demand within the sector, as numerous companies strive for ETF applications and internal crypto services.

Relevant authorities have stated that while assessing Sui’s ETF application, they are closely monitoring market movements.

Duncan Moir, President of 21Shares: “Since our initial research, we’ve believed Sui could be an exciting blockchain, and we are witnessing this materialize.”

Market observers have indicated that this development, reflecting the growing demand from investors, has positively influenced interest in Sui.

Recent movements show that Sui’s future valuation will shape up according to regulatory approval processes and investor interest in the market. These developments are among the elements that institutions and investors need to carefully monitor for potential decisions.

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