🚀 SEC Greenlights SUI ETF Review – Analysts Foresee 50%+ Price Explosion

The crypto world just got its next bullish catalyst. The SEC has officially begun reviewing a spot SUI ETF proposal—and traders are already front-running the news.

### Why This ETF Could Be Different

Unlike last year's failed meme-coin ETFs, SUI's institutional-grade tech stack has regulators actually considering approval. The Layer 1 blockchain's 300% TVL growth this year doesn't hurt either.

### The Institutional Floodgates

Market makers are quietly accumulating SUI futures ahead of the decision. One quant firm leaked plans to allocate 15% of its crypto portfolio if approved—"the new SOL" whispers abound.

### The Cynical Take

Wall Street only cares now that they've figured out how to charge 2% management fees on it. The SEC's sudden interest? Probably just FOMO over Hong Kong's crypto ETF dominance.

Bottom line: This could be the liquidity event altcoins need to break the 18-month bear market. Or another paperwork casualty in the SEC's war on innovation. Place your bets.

The U.S. SEC has officially kicked off its review of Canary Capital’s spot sui ETF, marking a major development in the token’s journey toward broader market exposure. The application has now entered the “institution of proceedings” phase, which is a formal step that puts it on the regulator’s radar after months of delay.

This MOVE doesn’t mean approval is guaranteed, but it signals that the SEC is now taking the proposal seriously. And in crypto, timing is everything!

ETF Interest Grows – 21Shares Joins the Game

Canary isn’t the only one eyeing a SUI ETF. Asset manager 21Shares has also filed its own proposal, partnering directly with the Sui Network to expand institutional access.

While both applications are still under review, the back-to-back filings suggest growing confidence around SUI’s potential to enter the ETF space, something few altcoins have managed to do so far.

SUI has also made it into the Bitwise crypto Index ETF, which is a fund that includes top tokens like Bitcoin, Ethereum, and XRP. Though that ETF hasn’t launched yet, SUI’s inclusion is a strong signal that institutional interest is building fast.

Futures Data Points to Bullish Momentum

The numbers back it up. According to Glassnode, SUI’s open interest in the futures market has climbed to a record $1.2 billion – making it the sixth-largest crypto by futures OI, just behind Bitcoin, Ethereum, Solana, XRP, and DOGE.

Price Levels to Watch: $4.00 Is Key

SUI is currently trading NEAR $3.95, holding above its 200-day moving average of $2.73. Its RSI is sitting around 66, a level that suggests strength but still leaves room to climb.

Crypto analyst Scient believes SUI is “forming a new base” and could see a fresh move in August. If it clears the $4.00 resistance zone, targets between $4.20 and $5.00 are in play. And if the ETF gains approval, a run toward $5.5 to $6.00 wouldn’t be out of the question.

$SUI, I think we are building a base here for the next leg.

• 1D trend broken, and we are attempting a flip here above a key Supply/Demand zone.

We can go a bit higher from here, but I feel we range for here for the next week or so before making a push toward ATHs in August.… pic.twitter.com/znNB2GTt5i

What’s Next for SUI?

This is a key moment for the Sui ecosystem. With not one but two ETF filings in motion, strong technicals, and rising futures activity, SUI is drawing real attention from both institutions and retail traders.