Nasdaq Files for SUI ETF as Institutional Demand Grows

Nasdaq has taken a formal step toward listing a spot SUI exchange-traded fund in U.S. markets by filing a 19b-4 FORM with the SEC. The 21Shares SUI ETF could become one of the first altcoin-specific ETFs approved, riding the wave of institutional interest in blockchain-based investment products.

The sui blockchain, recovering from recent challenges, is gaining traction through scalable infrastructure and expanding dApp ecosystems. Over $300 million has already flowed into SUI ETPs in European markets, signaling strong demand for regulated exposure to next-generation protocols.

This filing marks a strategic move to capture North American institutional capital seeking compliant crypto investment vehicles. The SUI Foundation views the development as pivotal for broader adoption, particularly in real-world asset tokenization and DeFi applications.