21Shares applies to Nasdaq for listing of SUI spot ETF

Odaily News According to official documents, 21Shares has applied to list the 21Shares SUI ETF on the Nasdaq exchange, tracking the spot price of Sui's native token SUI. The ETF aims to calculate the net value through the daily SUI US dollar reference price compiled by CF Benchmarks, without using leverage or derivatives, and only holding spot SUI, which is managed by BitGo and Coinbase 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.