NASDAQ has been listing the SPIE Exchange-Traded Fund (ETF) in the US on the Crypto Asset Manager 21Shares.
The 19B-4 submission of the stock market, which the SEC requested to list the 21Shares sui ETF, submitted 21Shares on April 30 to submit the S-1 registration statement to the SEC and requested the regulatory authorities to approve the transactions proposed by the regulatory authorities.
It is necessary to submit regulations on GI LIVE to the SUI (SUI) tracking fund, and 19B-4 submission begins the review process of the SEC. The institution must decide whether to accept, reject or delay the application within 45 days and delay the decision several times during the maximum review period of up to 240 days.
The SEC must decide on 21Shares application by January 18, 2026.
21Shaes is a manager who can hold SUI on behalf of Trust, but proposed Bitgo and Coinbase custody, but the submission did not include detailed information on management fees or prices.
Canary Capital is the only other asset manager who submitted the 19B-4 and S-1 declarations to list the SUI ETF on April 8.
21Shares said in the 19B-4 submission that the SUI token showed strength in the SUI network and provided four main purposes. It can be fixed to receive rewards, pays a gas fee, functions as a liquid asset for SUI applications, and acts as a governance token.
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The SUI ecosystem focuses on the distributed application field and is called a potential solana killer.
According to Coingecko, SUI is the 13th largest cryptocurrency, but the $ 12.3 billion market cap remains part of Solana (SOL) of $ 9.2 billion.
21Shares aims to add to SUI products.
21Shares already lists the SUI Exchange trading products in Europe on Europe on Europe and EURORONEXT AMSTERDAM stock exchanges.
According to Coinshares’ report on May 26, the list contributed to the SUI -based exchange trading products with Assets and Management Management (AUM).
The flow of SUI ETP increased $ 2.9 million between May 16 and May 24, and only Bitcoin (BTC), Ether (ETH), Solana and XRP (XRP) in terms of net assets.
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