Nasdaq Files 21Shares Sui Token ETF, A New Chance for Investors
Nasdaq has taken a decisive step toward expanding the cryptocurrency ETF market by filing a 19b-4 application with the SEC for a Sui blockchain-tied fund. The move, submitted by Senior Associate General Counsel Sun Kim, positions SUI as a potential newcomer among token-based investment products.
Unlike Bitcoin and ethereum ETFs already in circulation or development, the 21Shares SUI ETF would offer indirect exposure to the asset—eliminating the need for investors to custody tokens directly. Approval would mark a significant milestone for the Sui ecosystem’s institutional adoption.