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21Shares has applied to list the SUI Spot ETF on Nasdaq.
[21Shares applies to NASDAQ for SUI spot ETF listing] On May 27, according to the documents submitted by NASDAQ, 21Shares has applied for the listing of 21Shares SUI ETF on the NASDAQ exchange, tracking the spot price of Sui's native token SUI. The ETF is designed to calculate NAV on a daily basis based on the SUI USD reference price compiled by CF Benchmarks, using no leverage or derivatives, holding only spot SUI, held in custody by BitGo and CEX Custody. The trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.