2025-05-03
Crypto asset manager 21Shares has filed
with the U.S. Securities and Exchange Commission (SEC) to launch a spot Sui ETF,
marking its latest push into the American market following a successful debut
in Europe.
On April 30, 2025, 21Shares submitted the Form S-1 registration for a spot
Sui ETF to the SEC.
The filing adds to the more than 70
crypto-related ETF applications currently awaiting regulatory review.
The proposed fund would offer U.S.
investors direct exposure to Sui (SUI), a layer-1 blockchain developed by
Mysten Labs, aimed at high-speed, low-latency smart contract execution.
If approved, it would be the first
Sui-focused ETF in the United States.
21Shares already launched a Sui ETP in
Europe earlier this year, part of a broader strategy to meet growing institutional
demand for regulated crypto investment products.
The filing indicates increasing
appetite for diversified crypto exposure beyond Bitcoin and Ethereum.
The SEC has yet to approve any spot
crypto ETFs beyond Bitcoin, and the timeline for broader approvals remains
uncertain.
Still, 21Shares’ filing signals
confidence in the evolving regulatory environment and the growing legitimacy of
altcoin-focused investment vehicles.
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