{"id":51678,"date":"2025-05-01T18:34:05","date_gmt":"2025-05-01T18:34:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/21shares-seeks-sec-approval-for-spot-sui-etf-in-us-market\/"},"modified":"2025-05-01T18:34:05","modified_gmt":"2025-05-01T18:34:05","slug":"21shares-seeks-sec-approval-for-spot-sui-etf-in-us-market","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/21shares-seeks-sec-approval-for-spot-sui-etf-in-us-market\/","title":{"rendered":"21Shares seeks SEC approval for Spot Sui ETF in US market"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-750x375.webp\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-363x181.webp\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>The proposed ETF would provide direct exposure to SUI\u2019s market price.<\/li>\n<p>&#13;<\/p>\n<li>The fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital.<\/li>\n<p>&#13;<\/p>\n<li>The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.<\/li>\n<p>&#13;\n<\/ul>\n<p>Asset manager 21Shares has filed an S-1 registration with the Securities and Exchange Commission to launch a spot exchange-traded fund tracking Sui (SUI), while also announcing a strategic collaboration with the blockchain network.<\/p>\n<p>The proposed ETF would provide direct exposure to SUI\u2019s market price, with assets held in custody by Coinbase, according to the filing.<\/p>\n<p>Its daily NAV will be based on a benchmark index tracking spot prices, and like other US-approved crypto ETFs, share creations and redemptions would be processed in cash, not in-kind.<\/p>\n<p>Notably, the fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital, which has also filed for a spot Sui ETF with staking.<\/p>\n<p>21Shares also announced on Thursday that it has entered into a \u201cstrategic partnership\u201d with the Layer 1 network, aimed at expanding its global reach amid rising interest in the Sui ecosystem.\u00a0<\/p>\n<h2>SUI ETPs in Europe<\/h2>\n<p>Sui-based exchange-traded products (ETPs) have gained significant traction in Europe, with offerings such as the 21Shares Sui Staking ETP and the VanEck Sui ETP already available to investors.<\/p>\n<p>The US filing comes roughly a year after 21Shares launched the 21Shares Sui Staking ETP in Europe in July 2024.<\/p>\n<p>According to the latest data from CoinShares, these Sui-linked investment vehicles had a combined $400 million in assets under management as of April 25.<\/p>\n<p>Investor interest in the Sui ecosystem appears to be accelerating.<\/p>\n<p>Year-to-date, Sui-based ETPs have attracted $72 million in net inflows, including a notable $20.7 million influx in just the past week.<\/p>\n<p>SUI currently holds a market cap of $12.3 billion, ranking it as the 11th largest cryptocurrency globally.<\/p>\n<h2 class=\"wp-block-heading\">ETF race expands<\/h2>\n<p>The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.<\/p>\n<p>Asset managers such as Bitwise, Grayscale, Franklin Templeton, and REX Shares have submitted filings for spot ETFs tied to Solana, XRP, Dogecoin, Cardano, Avalanche, Hedera, Litecoin, and Polkadot.<\/p>\n<p>21Shares, a Switzerland-based manager, is already active in the US market through its spot Bitcoin and Ethereum ETFs, launched in partnership with Ark Invest.<\/p>\n<p>It has recently expanded its ETF ambitions, submitting applications tied to XRP, Solana, Dogecoin, and Polkadot.<\/p>\n<p>According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the Solana and Litecoin ETF proposals lead with a 90% chance of approval, followed by XRP (85%), and Dogecoin and Hedera (80%).<\/p>\n<p>The growing flurry of filings reflects a more permissive regulatory environment under the Trump administration, with Paul Atkins, a long-time industry ally, now chairing the SEC.<\/p>\n<p>The agency has dropped multiple lawsuits and initiated public dialogue with crypto firms, indicating a departure from the stance of former Chair Gary Gensler.<\/p>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/21shares-seeks-sec-approval-for-spot-sui-etf-in-us-market\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; The proposed ETF would provide direct exposure to SUI\u2019s market price. &#13; The fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital. &#13; The Sui ETF proposal adds to a [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":51679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51678"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51678"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51679"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}