21Shares Enhances Sui ETF with Staking, Nasdaq Listing, and Key New Details

Updated

October 24, 2025

Gambar 21Shares Enhances Sui ETF with Staking, Nasdaq Listing, and Key New Details

Jakarta, Pintu News – 21Shares updated its Sui ETF filing with the United States Securities and Exchange Commission (SEC). In the filing, the company disclosed some important details related to staking, the designation of Nasdaq as the exchange where the ETF shares will be listed and traded, and the presence of a cash custodian, among other information.

This update comes amid enthusiasm for ETFs, while the crypto market is still waiting for a final decision from the SEC on various filings. However, delays caused by the US government shutdown have dampened the positive sentiment.

21Shares Updates Staking Details in its Sui ETFs

Based on documents filed with the US Securities and Exchange Commission (SEC), 21Shares filed the second amendment to the S-1 form for their spot Sui ETF application after market close on October 23.

In this update, the issuer added important information to its Sui ETF document, although it did not include a ticker or fee breakdown.

One of the main changes is the addition of a new section that discusses staking. This section titled “Staking of Trust’s Assets” explains the parameters of the staking model applied by the trust.

These include the unbonding period of staked assets, redemption patterns, size and concentration of trusts, performance of staking service providers, and monitoring of market conditions.

Additionally, it was explained that 21Shares US LLC has signed a staking services agreement with Coinbase Crypto Services. The platform will handle the staking, validation, and creation or approval of transaction blocks for the Sui 21Shares ETF during the initial two-year contract period.

Sui 21Shares ETF to be Listed on Nasdaq

21Shares updated its filing documents to list Nasdaq as the exchange where the Sui ETF shares will be listed and traded. In the update, 21Shares also appointed The Bank of New York Mellon as the cash custodian, while Coinbase Custody was appointed as the crypto asset custodian.

However, details regarding the transfer agent, marketing agent, and other parties have not been disclosed by the issuer. If approved, this Sui ETF will track the performance of the SUI crypto asset, as measured by the CME CF Sui Dollar Reference Rate.

As previously reported by CoinGape, the SEC has delayed its decision regarding the Sui ETF from 21Shares as it is still working with major exchanges in drafting common listing standards for spot crypto ETFs.

SUI price rises more than 2%

The price of SUI jumped 2.50% in just one hour after the filing of the amended S-1 ETF form by 21Shares, with the price currently trading at $2.47.

In the last 24 hours (10/24), the lowest and highest prices were recorded at $2.40 and $2.50. Trading volume has also seen a slight increase in the last 24 hours, signaling interest from traders.

According to data from CoinGlass, the derivatives market is showing massive buying activity in the last few hours. At the time of writing, the total open interest (OI) of Sui futures jumped 3% to $823 million in just one hour.

In the past 24 hours, SUI futures open interest rose by more than 7%. This indicates a strong positive sentiment among derivatives traders.

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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.

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