This is a major move for the SUI ecosystem, and according to a newly surfaced SEC filing dated May 23, 2025, 21 shares have officially submitted the SUI Exchange-Traded Fund (ETF) to NASDAQ.
This marks the first ETF proposal directly tied to the native token of the SUI blockchain and places it along with the main crypto assets Bitcoin and Ethereum It already has ETF products that are ongoing or on the market.
The proposal was submitted via Form 19b-4 by Nasdaq Senior Advisor Sun Kim and outlined plans to list and trade 21shares Sui ETFs.
The filing confirms that this is the first request under section 19(b)(2) of the Securities and Exchange Act.
If approved, the ETF gives investors an indirect exposure to SUI through traditional financial markets without the need to directly retain or manage the underlying digital assets. This could raise the demand and mainstream awareness of SUI networks. This is a rapidly growing layer 1 blockchain built for scalable smart contracts and Defi applications.
This filing adds to the recent wave of ETF momentum across the crypto space, and has seen an institutional interest in diversifying beyond Bitcoin and Ethereum into the next generation of blockchain platforms.
