21Shares Pushes for SUI ETF as Token Surges 4% Post-SEC Filing

Swiss-based asset manager 21Shares has officially submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), seeking approval to launch a SUI-focused exchange-traded fund (ETF). The move appears to have already influenced the market—SUI's price jumped 4% to $3.67 shortly after the filing became publicly visible.

Speaking at Sui’s Basecamp conference, 21Shares President Duncan Moir reaffirmed the firm’s long-term belief in the project: “We saw Sui’s potential early on, and it's rewarding to witness that vision materializing in real time.”

Developed by a team of former Meta engineers, SUI operates as a layer-1 blockchain, boasting a current market cap of $11.8 billion, placing it just shy of the world’s top 10 cryptocurrencies. The ETF proposal by 21Shares follows closely on the heels of a similar filing by Canary Capital, which submitted its paperwork just over a month ago—signaling a rising institutional interest in the SUI ecosystem.

If approved, this would mark a major milestone in bringing more regulated exposure to emerging blockchain infrastructure for traditional investors.