Nasdaq Shocks Crypto World With Bold Move to Launch Sui Token ETF

Nasdaq files for ETF linked to Sui token, signaling rising institutional interest in altcoin investment products.

Fridah Kangai
May 29, 2025
2:01 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.

Nasdaq files to launch the first-ever ETF tied to the Sui blockchain’s native token.
Filing comes amid rising interest in altcoin-based ETFs like Solana, XRP, and Litecoin.
Sui pushes forward with ETF plans despite recent $223M security breach involving Cetus.

Nasdaq has submitted a formal application to the U.S. Securities and Exchange Commission to launch an exchange-traded fund linked to the native token of the Sui blockchain. The SEC filing used the 19b-4 form and calls the product the 21Shares SUI ETF.

Should the ETF go through, people could invest in Sui without actually holding the coin. This method would encourage more people to use blockchain technology through common financial tools.

Sun Kim from Nasdaq submitted the application, marking an important new phase for altcoin-backed ETFs. As a fast and decentralized finance blockchain, Sui might see its use and awareness increase as more people interact with it.

According to official filings, Nasdaq has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the 21Shares SUI ETF.https://t.co/j3YdFgy8TI
— Wu Blockchain (@WuBlockchain) May 27, 2025

That’s happening as interest in altcoin-related exchange-traded products continues to grow more businesses are formally applying to launch ETFs for coins, such as Solana, XRP, and Litecoin.

Altcoin ETF Race Gains Speed as Sui Enters the Spotlight

Bloomberg analyst Eric Balchunas thinks there is a 75 percent chance that the SEC will authorize these altcoin ETFs. The trend points to people seeking crypto investments other than Bitcoin and Ethereum.

Sui’s joining the ETF market means investors are still optimistic about the network’s future despite present difficulties. Last week, a serious security issue caused a blockchain breach through the Cetus platform built on Sui.

The hack took out $223 million, but the Sui team managed to freeze $160 million and set up a bounty hunt to recover what remains. SlowMist confirmed that the flaw was found in Cetus’ code and not in the fundamental part of Sui’s system.

Sui’s development has moved ahead as if there was no accident. The filing reveals that big players are still interested in blockchain, helping to support its role in the changing crypto space.

By supporting the Sui token with an ETF filing, Nasdaq might change how investors can get involved in altcoins. As interest in regulated crypto exposure grows, Sui may soon join the ranks of blockchain assets traded through traditional markets.

Also Read: Strategy Set to Join S&P 500 After $15B Bitcoin-Fueled Windfall