Nasdaq has submitted an application to the U.S. SEC to list the 21Shares SUI ETF
ChainCatcher news, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF, a spot trading fund based on the SUI token. The 19b-4 filing has now been officially released to the SEC's public registration system, marking the formal start of the review process.This application follows 21Shares' S-1 registration filing submitted in April, reflecting the deepening embrace of institutions towards the Sui ecosystem. The two filings together advance the process of bringing the SUI ETF to the U.S. market. If listed in the U.S., it will further broaden investor adoption of this innovative Layer 1 ecosystem known for its outstanding performance and practicality. 21Shares is currently listed on the Euronext exchanges in Paris and Amsterdam with the Sui ETP, and this year, the product has seen a significant increase in capital inflows.In addition to 21Shares, Sui's technology has attracted institutions including Canary Capital, Ant Group, Franklin Templeton, VanEck, and Grayscale, which have gradually launched investment products or related plans on Sui since the fourth quarter of last year.