Nasdaq Files 21Shares Sui ETF Application, SEC Review Process Begins

Nasdaq has initiated the regulatory review process for 21Shares’ spot SUI ETF application, marking another milestone in the cryptocurrency ETF market expansion. The SEC’s evaluation period could extend up to 240 days, with a final decision deadline set for January 18, 2026.

The filing follows 21Shares’ April 30 submission of an S-1 registration statement, completing the dual requirements for U.S. ETF approval. Regulatory scrutiny will focus on market structure, custody solutions, and investor protections—a standard protocol for digital asset ETFs.

Previous cryptocurrency ETF approvals, including Bitcoin and ethereum products, have navigated similar extended review periods. The SUI ETF application enters this process as the ecosystem continues bridging decentralized assets with traditional investment vehicles.