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- Nasdaq begins SEC review for the 21Shares SUI ETF.
- Institutional support for the Sui blockchain continues to grow.
- Sui’s strong performance boosts demand for U.S.-based investment products.
Nasdaq has taken a significant step toward bringing a new crypto investment option to U.S. markets. On June 10, it submitted a 19b-4 form to the U.S. Securities and Exchange Commission. This form officially starts the review for listing the 21Shares SUI ETF, a spot exchange-traded fund based on the Sui blockchain’s native token, SUI.
This follows an early S-1 filing by 21Shares that was made in April. The two filings jointly seek to allow a product that would offer direct access to this ecosystem for American investors.
The 19b-4 filing, now made public, is the only regulatory step that must be completed before trading can commence on Nasdaq. Spot ETFs track the price of the underlying asset, which in this instance is the SUI token. If approved, it would be the first U.S. exchange to list a fund entirely based on the Sui blockchain.
Institutional Confidence Strengthens Sui’s Position
Sui is no longer an emerging blockchain; it has already established itself as a viable contender in the crypto space. More than $300 million has already been swung into SUI-backed exchange-traded products across Europe. The 21Shares SUI ETP runs on both the Paris and Amsterdam stock exchanges.
Consequently, the demand for access within the US has risen sharply. Large players have noticed this. Since the end of 2024, companies such as VanEck, Franklin Templeton, Canary Capital, Grayscale, and Ant Financial have launched products based on this.
This interest illustrates that the technology is not just not working but also has a promise for longer-term value. The Nasdaq filing brings another layer of credibility to it. It reflects a deeper commitment among Wall Street players and could thus open the door to bigger use if the ETF gets greenlit.
Sui Blockchain Adoption Accelerates Fast
The Sui blockchain differs from others by its architectural design. While most of the Layer 1 blockchains were designed specifically for mass adoption, Sui was not. It employs an object-based model that allows for quick and inexpensive transactions even when scaled up.
This suits several use cases, such as finance, gaming, and tokenized real-world assets. All these features led to increased adoption. The market cap of its stablecoin surpassed $1.1 billion this year, nearly an increase of 200%.
In May 2025 alone, users transacted over $110 billion in stablecoins on this network. This is currently the eighth-ranked project by total value locked. Its ecosystem keeps growing with the increasing interest from big players and it won’t stop here. The 21Shares ETF might end up being a significant landmark in this is expansion toward global markets.
Related Reading: Bitcoin’s Volatile Future: Is a $175K Surge Imminent?
