In a significant move for the Sui ecosystem, 21Shares has officially filed for a SUI exchange-traded fund (ETF) with Nasdaq, according to a newly surfaced SEC filing dated May 23, 2025.
This would mark the first ETF proposal directly tied to the Sui blockchain’s native token, positioning it alongside major crypto assets like Bitcoin and Ethereum that already have ETF products in progress or in market.
The proposal was submitted via Form 19b-4 by Nasdaq’s Senior Associate General Counsel Sun Kim, outlining plans to list and trade the 21Shares SUI ETF.
The filing confirms this is an initial request under Section 19(b)(2) of the Securities Exchange Act, a key regulatory step toward potential approval by the U.S. Securities and Exchange Commission (SEC).
If approved, the ETF would give investors indirect exposure to SUI through traditional financial markets without needing to directly hold or manage the underlying digital asset. This could potentially boost demand and mainstream awareness of the Sui network — a fast-growing Layer 1 blockchain built for scalable smart contracts and DeFi applications.
The filing adds to a wave of recent ETF momentum across the crypto space and underscores the growing institutional interest in diversifying beyond Bitcoin and Ethereum into next-gen blockchain platforms.
