21Shares Spot SUI ETF Begins Trading on Nasdaq

21Shares lists its spot SUI ETF on Nasdaq, expanding regulated investor access to the Sui blockchain token.

Fridah Kangai
February 25, 2026
3:15 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

21Shares launches spot SUI ETF trading under TSUI.
Nasdaq listing expands regulated access to Sui token.
Competing asset managers roll out new SUI ETFs.

Investors seeking regulated exposure to Sui’s native token now have a new option after 21Shares launched its spot exchange-traded fund on Nasdaq. The product, which trades under the ticker TSUI, tracks the price of SUI and provides non-leveraged access to the token. As a result, market participants can obtain direct exposure through a conventional brokerage account.

21Shares confirmed that TSUI began trading on Nasdaq this week. The listing comes on the heels of the firm’s December introduction of a leveraged SUI product. The last fund, the 21Shares 2X SUI ETF, had greater price sensitivity. Nevertheless, the new TSUI ad is a simple spot-based structure.

Duncan Moir, president of 21Shares, indicated that the launch of TSUI increases access to Sui in the wake of leveraged product launches. He explained that the company will expand investors’ involvement through a simpler structure directly tied to the underlying token.

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Spot SUI Products Gain Momentum Across Asset Managers

This launch comes just after other issuers launched SUI-focused products. Recently, Canary Capital introduced the Canary Stake SUI ETF. Moreover, Grayscale Investments issued the Grayscale Sui Staking ETF. Consequently, several asset managers are currently competing in the developing market for SUI-linked exchange-traded funds.

SUI is the powering network for Sui, built by Mysten Labs as a hyper-scale Layer 1 blockchain. Users use the token to make transactions and deploy smart contracts. In addition, developers rely on SUI to support various on-chain applications, such as settlement systems and payments.

Market data shows SUI is ranked 31st by market capitalization, at about $3.3 billion. According to Evan Cheng, co-founder and chief executive of Mysten Labs, Sui has diversified to include payments and cross-border settlement within two years. He wrote that an increase in on-chain activity has caught the institutional attention of companies like 21Shares.

The TSUI IPO on Nasdaq is one more regulated instrument depending on the performance of SUI. Investor access to Sui is growing on traditional exchanges, with several spot and staking products currently available.

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