Crypto ETF Arms Race Heats Up: 21Shares Guns for SUI Listing on Nasdaq

Another day, another crypto ETF filing—this time it’s 21Shares elbowing its way onto the Nasdaq with a $SUI tracker. Because clearly, what finance needs right now is more ways to bet on blockchain tokens without actually touching them.

Wall Street’s latest love affair with synthetic crypto exposure rolls on—just don’t ask about custody risks when the SEC comes knocking. The filing drops as TradFi scrambles to package every altcoin into neat little regulatory-compliant wrappers. Innovation? Or just repackaged speculation with a 2% management fee?

One thing’s certain: the ETF gravy train won’t stop until every last memecoin gets its own prospectus. Welcome to financialization 2.0—where the underlying tech matters less than the ticker symbol.

21Shares has applied to the Nasdaq to list a new ETF focused on the $SUI token. This ETF would give investors an easy and regulated way to invest in $SUI through traditional markets. Approval could expand crypto investment options on well-known exchanges. This move reflects the rising interest in making digital assets more accessible to everyday investors. Many are now waiting to see how Nasdaq will respond to the application.