21Shares’ Proposed SUI ETF Hits Milestone as Nasdaq Files for U.S. Listing
Nasdaq’s 19b-4 filing officially posts to SEC register, marking formal start of review process for the U.S. spot SUI ETF.
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF, a spot exchange-traded fund based on the SUI token. The 19b-4 filing, now officially posted to the SEC’s public register, marks the formal beginning of the review process.
The move follows 21Shares’ April S-1 registration filing and reflects a deepening institutional embrace of the Sui ecosystem. Together, these filings aim to bring a Sui ETF to U.S. markets.
Growing institutional momentum
With more than $300 million already invested in SUI-based exchange-traded products globally, a U.S. listing would expand access to the breakthrough Layer 1 ecosystem that has become synonymous with unparalleled performance and utility. 21Shares already lists a Sui ETP on the Euronext Paris and Amsterdam exchanges, and flows into those products have risen sharply this year.
In addition to 21Shares, Sui's innovative technology has attracted the likes of Canary Capital, Ant Financial, Franklin Templeton, VanEck, and Grayscale, who all launched investment products or initiatives on Sui since Q4 of last year.
“The Sui ecosystem has become a primary destination for serious builders and institutions, and 21Shares has built its legacy on identifying those trends early,” said Kevin Boon, President of Mysten Labs. “Looking back at our mainnet only two years ago, the milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI.”
Technological edge driving Sui ecosystem’s scale
The only blockchain built for mass adoption, Sui offers unmatched scalability and efficiency through its object-oriented programming model and uniquely scalable architecture. It supports use cases ranging from DeFi and gaming to real-world asset tokenization.
Currently ranked eighth by total value locked (TVL), Sui’s stablecoin market cap has soared to over $1.1B – up over 190% on the year – while its stablecoin transfer volume exceeded $110B in May 2025 alone.
