21Shares Submits S-1 Registration for SUI Exchange-Traded Fund
Swiss asset manager 21Shares has submitted an S-1 registration form for a SUI exchange-traded fund (ETF) to the SEC.
SUI is currently priced at $3.67, reflecting a 4% increase following the filing.
- Duncan Moir, President of 21Shares, stated a positive outlook on Sui blockchain at its Basecamp conference.
- SUI, developed by former Meta engineers, has a market cap of $11.8 billion, ranking just outside the top 10 cryptocurrencies.
- This filing follows Canary Capital's filing for a SUI ETF six weeks prior.