Nasdaq has filed an application with the US SEC to list the 21Shares SUI ETF

According to a report by Jinse Finance, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF, a spot exchange-traded fund based on the SUI token. The 19b-4 document has now been officially published in the SEC's public registration system, marking the official start of the review process. This application follows the S-1 registration document submitted by 21Shares in April, reflecting the growing institutional embrace of the Sui ecosystem. Together, the two documents advance the process of the SUI ETF entering the U.S. market. If listed in the U.S., it will further broaden investors' accessibility to this innovative Layer 1 ecosystem known for its superior performance and utility.

21Shares has already launched the Sui ETP on the Euronext exchanges in Paris and Amsterdam, with a significant increase in fund inflows this year. In addition to 21Shares, Sui's technology has also attracted institutions such as Canary Capital, Ant Group, Franklin Templeton, VanEck, and Grayscale, which have successively launched investment products or related plans on Sui since the fourth quarter of last year.