21Shares is making significant strides in introducing the Sui blockchain to traditional investors.
The Swiss-based crypto asset manager has submitted a Form S-1 to the US Securities and Exchange Commission for an SUI exchange-traded fund (ETF).
If approved, the fund will track SUI’s price using the CF Sui-Dollar Reference Rate Index.
This development marks a major milestone for the Sui ecosystem. Following the filing’s appearance on the SEC’s website, SUI’s price rose 5% to $3.68, elevating its market cap to over $12.29 billion, just outside the top 10 crypto assets globally.
