Nasdaq Files Sui ETF from 21Shares, Will it be Approved by SEC?

Jakarta, Pintu News – Global financial markets may witness the emergence of a new investment product after Nasdaq filed a Form 19b-4 to list and trade the Sui ETF from 21Shares.

This move marks a new era for institutional investors looking to gain exposure to Sui (SUI), the native token of the Sui network.

As of May 27, Sui’s price stood at $3.64, having risen nearly 2% in the past 24 hours despite falling 3% in the past seven days.

Nasdaq Filings and Market Potential

Nasdaq has officially filed a Form 19b-4 with the aim of listing and trading shares of the Sui ETF from 21Shares on its stock exchange. This initiative is a strategic move to attract more institutional investors interested in crypto assets, particularly Sui (SUI).

Read also: Sui Price Prediction: Crypto Analyst Reveals When SUI Price Could Break $20!

With this ETF product, it is expected to open wider and easier access for investors who want to get involved in the Sui ecosystem without having to directly buy the token. The ETF proposed by 21Shares is designed to give investors direct exposure to the value of Sui (SUI).

Through this ETF, investors can benefit from Sui’s growth potential while reducing the risks associated with directly purchasing and holding the token. This represents a step forward in the acceptance of cryptocurrencies as part of mainstream investment portfolios.

Sui Network Security Post-Hack

Recently, the Sui ecosystem was shocked by a hacking event that resulted in a loss of $223 million.

This hack happened to Cetus, one of the applications on the Sui network, and was caused by a bug in the math library used by Cetus, rather than a vulnerability in the Sui network or its programming language, Move.

This incident highlights the importance of cybersecurity in the crypto ecosystem and is a major concern for investors. Although this event caused some concern, the Sui network and 21Shares quickly took steps to ensure that the proposed ETF would have a high level of security.

This is important for building investor confidence and ensuring that ETFs can operate without a hitch. This incident also shows the importance of transparency and quick response in addressing security issues in the crypto industry.

Market Predictions and Expectations for Sui ETFs

Analysts from Bloomberg have predicted that the approval of crypto ETFs by the SEC will probably happen as early as the fourth quarter of this year.

Read also: Alex Becker Predicts Cardano Could Surpass Solana in This Bull Run — Here’s Why!

If this prediction is correct, 21Shares’ Sui ETF could be one of the first crypto investment products to get the green light from regulators in the United States. This would certainly be an important milestone in the evolution of the crypto market and could open the door for similar ETFs in the future.

Market expectations for this ETF are high, given the growth potential of the Sui network and the growing interest in cryptocurrencies. Not only will this ETF provide new opportunities for institutional investors to get involved in the crypto market, but it will also add legitimacy and structure to crypto investments in the eyes of global investors.

All in all, with the filing of Form 19b-4 by Nasdaq for the Sui ETF from 21Shares, the global financial market will probably witness significant changes in the way institutional investors interact with crypto assets.

The success of this filing will not only bring benefits to investors seeking diversification through crypto, but will also mark a new era in the acceptance of crypto as part of the global investment ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Nasdaq Files 19b-4 for 21Shares SUI ETF with US SEC. Accessed on May 28, 2025
• Coinpedia. 21Shares Files for SUI ETF Listing on Nasdaq. Accessed on May 28, 2025