Nasdaq has filed with SEC for 21Shares SUI ETF, indicating significant institutional interest in the SUI token, making it a spot ETF backed by the digital asset.
The substantial investment in European-style ETPs reflects a growing institutional appetite for exposure to SUI, with over $300M in global ETP inflows and a potential U.S. listing.
The filing signals a shift towards institutional adoption for SUI, with the U.S.-listed spot ETF expected to attract traditional investors by reducing barriers to entry and facilitating exposure without directly holding cryptocurrency.
This move places SUI among major cryptocurrencies seeking regulated investment products in the U.S. market, potentially setting a precedent for other digital assets looking to access the vast U.S. ETF market.