SUI Surges 5% as 21Shares Files for SEC-Approved SUI ETF
21Shares has submitted an application for a SUI exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC), marking a major milestone in connecting the SUI blockchain with traditional investors. The proposed ETF would track SUI’s price using the CF Sui-Dollar Reference Rate Index.
The market responded immediately, with SUI’s price jumping 5% to $3.68 following the announcement. This rally boosted SUI’s market cap to $12.29 billion, placing it just outside the top 10 cryptocurrencies worldwide.
Developed by ex-Meta engineers, Sui stands out as a high-performance Layer-1 blockchain with parallel transaction execution and sub-second finality. Its scalability has drawn increasing attention from both developers and institutional investors.
