- 21Shares filed for a SUI ETF with the SEC, boosting market interest.
- SUI token experienced a 10% rise, nearing $4.
- Expansion of Sui’s investment range sparks investors’ interest.
The cryptocurrency Sui saw a 10% price increase after 21Shares filed for a SUI ETF with the SEC on April 30, 2025, in the United States.
This filing could significantly extend Sui’s market reach and influence institutional engagement with positive investor reaction.
21Shares Collaborates with Mysten Labs for SUI ETF
21Shares, a major European crypto firm, has filed for a spot SUI ETF in the U.S. This move signifies an expansion on their existing Sui investment products.
The filing includes a strategic partnership between 21Shares and Mysten Labs, the developers of the Sui blockchain . This demonstrates a strong relationship solidifying Sui’s tech and investment prospects.
SUI Token Rises 10% After ETF Announcement
The SUI token’s price soared by 10% post-announcement, indicating strong market interest. Investors reacted positively, expecting further SUI price gains.
With a market cap approximating $12.2 billion, Sui is positioning above other altcoins, highlighting growing confidence in Sui’s impact on broader crypto markets.
SUI ETF Filing Signals New Era for Crypto ETFs
The SUI ETF filing follows the successful launches of Bitcoin and Ethereum ETFs in the U.S. This marks a new phase for alternative cryptocurrencies in ETFs .
Analysts foresee potential further SUI price improvements as ETFs expand interest beyond Bitcoin and Ethereum, increasing institutional adoption of Sui.
“Our filing for a spot SUI ETF is a testament to the confidence we have in the technology and ecosystem that Sui represents.” — Hany Rashwan, CEO, 21Shares
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