21Shares applies to Nasdaq for SUI Spot ETF listing

On May 27, it was reported that according to documents submitted by Nasdaq, 21Shares has applied to list the 21Shares SUI ETF on the Nasdaq Exchange, which tracks the spot price of Sui's native token SUI. This ETF aims to calculate its net asset value using the SUI USD reference price compiled by CF Benchmarks daily, without using leverage or derivatives, and only holds spot SUI, which is custodied by BitGo. This trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.