Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

21Shares Files for SUI ETF, SUI Rises 4%

21Shares Files for SUI ETF, SUI Rises 4%


CoinDesk
2025-05-01 10:55:11

Swiss asset manager 21Shares has filed a S-1 registration form for a SUI exchange-traded fund (ETF) to the Securities and Exchange Commission (SEC). SUI is currently trading at $3.67, rising by 4% after the filing went live on the SEC's website. “Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares, speaking at Sui’s annual Basecamp conference. SUI is a layer-1 blockchain developed by former Meta engineers, the network's native token has a market cap of $11.8 billion leaving it just outside the top 10 largest cryptocurrencies. 21Shares' filing comes six weeks after Canary Capital filed paperwork to launch a SUI ETF.


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.