Nasdaq Throws Hat in Crypto Ring with 21Shares SUI ETF Filing

Wall Street’s latest crypto play lands as Nasdaq files for a SUI token ETF—because what the market really needs is another speculative vehicle wrapped in regulatory approval.

Active traders, meet your new playground. The proposed 21Shares SUI ETF would give institutional investors ’safe’ exposure to the Layer 1 token—assuming the SEC doesn’t torpedo it like every other crypto filing since 2021.

Fun fact: This drops just as Sui’s TVL pumps 300% in Q2. Coincidence? Or just Wall Street chasing retail’s coattails—again.

Nasdaq has officially filed for a new exchange-traded fund (ETF) tied to the sui blockchain’s native token. According to a recent SEC filing, Nasdaq submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the 21Shares SUI ETF. 

Nasdaq Files For Sui ETF 

While Bitcoin and ethereum already have ETF products in the works or available, Sui would be a new player in the ETF space. The filing was done by Nasdaq’s Senior Associate General Counsel Sun Kim, using the formal 19b-4 form. This is a key step in getting SEC approval for the ETF to trade in regular markets.

If approved, the ETF WOULD let investors get involved in Sui without needing to directly buy or hold the SUI tokens. 

According to official filings, Nasdaq has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the 21Shares SUI ETF.https://t.co/j3YdFgy8TI

This could bring more attention and demand to Sui, which is known for being fast and supporting smart contracts and DeFi projects.

Rising Interest in Altcoin ETFs

This SUI ETF plan is part of a growing trend. More companies are filing for altcoin ETFs, including for coins like Litecoin, Solana, and XRP. 

Senior Bloomberg analyst Eric Balchunas shared that many of these altcoin ETFs have a high chance, around 75% or more, of getting SEC approval soon. This shows that interest in altcoins is growing, not just in Bitcoin and Ethereum.