The NASDAQ has filed for the Crypto Asset Manager 21shares to list a SUI exchange-traded fund (ETF) area in the US, beginning the Securities and Exchange Commission’s review process.
May 23 19B-4 of the Stock Market Filethat the SEC asks to list 21shares Sui ETF, following 21shares’ April 30th its submission S-1 registration statement In the SEC, who asked the regulator to approve the trade of the proposed fund.
Both regulations that file are required for SUI (Sui) Fund monitoring GI Live, including 19B-4 filed in the SEC. The agency should decide whether to accept, reject or delay the application within 45 days and it can delay its decision several times, for a maximum review period of 240 days.
The SEC must decide on the 21shares application on January 18, 2026, in the latest.
21shares suggested bitgo and Coinbase custody As the carers who hold the Sui on behalf of trust, however, the filing does not include details in a management fee or ticker.
Canary Capital is the only other asset manager to have 19B-4 submitted and S-1 filings to list a SUI ETF area, which filed forms on April 8.
21shares said in 19b-4 filing that the Sui token empowers the power to Sui Network and serves four main goals: it can be staked to earn rewards, used in Pay gas fees, Operate as a liquid owner for SUI applications and serves as a management token.
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The Sui Ecosystem is more focused on decentralized applications and has been -dubbed by a potential Solana Killer.
SUI is the 13th-largest largest cryptocurrency, but the $ 12.3 billion market cap remains one portion of Solana (Sol) $ 92 billion market cap, According to In coingecko.
21shares aims to add to sui offerings
21shares have already listed a product exchanged by SUI in Europe, in Euronext Paris and Euronext Amsterdam Stock Exchange.
Those lists have contributed to SUI-based exchange products with $ 317.2 million in property under Management (AUM), According to In a May 26 report from Coinhares.
The flow to Sui ETPs increased by $ 2.9 million between May 16 and May 24, and only paths to Bitcoin (Btc), Ether (Eth), Solana and XRP (XRP) in terms of net assets.
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