{"id":130131,"date":"2025-05-28T01:15:40","date_gmt":"2025-05-28T01:15:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130131"},"modified":"2025-05-28T01:15:40","modified_gmt":"2025-05-28T01:15:40","slug":"nasdaq-files-for-21shares-sui-etf-kicking-off-sec-review","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130131","title":{"rendered":"Nasdaq files for 21Shares Sui ETF, kicking off SEC review"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsNasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission\u2019s review process.<br \/>\nThe stock market\u2019s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares\u2019 April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund.<br \/>\nBoth regulatory filings are needed for the Sui (SUI) tracking fund to gi live, with the 19b-4 filing kicking off the SEC\u2019s review process. The agency must decide whether to accept, reject or delay the application within 45 days and it can delay its decision multiple times, for a maximum review period of 240 days.<br \/>\nThe SEC must decide on 21Shares\u2019 application by Jan. 18, 2026, at the latest.<br \/>\nSource: Cointelegraph21Shares proposed BitGo and Coinbase Custody as the custodians to hold SUI on behalf of the trust, however, the filing did not include details on a management fee or ticker.<br \/>\nCanary Capital is the only other asset manager that has submitted 19b-4 and S-1 filings to list a spot Sui ETF, filing the forms on April 8.<br \/>\n21Shares said in its 19b-4 filing that the SUI token powers the Sui network and serves four main purposes: it can be staked to earn rewards, used to pay gas fees, function as a liquid asset for Sui applications and serve as a governance token.<br \/>\nRelated: SharpLink launches Ethereum treasury, taps Joe Lubin as board chair<br \/>\nThe Sui ecosystem is largely focused on decentralized applications and has been dubbed a potential Solana killer.<br \/>\nSUI is the 13th-largest cryptocurrency, but its $12.3 billion market cap remains a fraction of Solana (SOL)\u2019s $92 billion market cap, according to CoinGecko.<br \/>\n21Shares aims to add to SUI offerings<br \/>\n21Shares already lists a Sui exchange-traded product in Europe, on the Euronext Paris and Euronext Amsterdam stock exchanges.<br \/>\nThose listings have contributed to SUI-based exchange-traded products having $317.2 million in assets under management (AUM), according to a May 26 report from CoinShares.<br \/>\nFlows into SUI ETPs increased by $2.9 million between May 16 and May 24, and only trails Bitcoin (BTC), Ether (ETH), Solana and XRP (XRP) in terms of net assets.<br \/>\nMagazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story<a href=\"https:\/\/cointelegraph.com\/news\/nasdaq-files-21-shares-sui-etf-sec-review?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsNasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission\u2019s review process. The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130131"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130131"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130131\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130131"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}