- The Nasdaq’s 21Shares SUI ETF filing could bring investor access to SUI’s blockchain network.
- Major firms like VanEck and Grayscale have backed projects built on the Sui platform.
- Sui’s TVL has reached $1.955 billion, showing demand for its DeFi ecosystem worldwide.
Nasdaq has officially filed a 19b-4 application with the U.S. Securities and Exchange Commission to list the 21Shares SUI ETF, marking the formal beginning of the regulatory review process. This move follows the April S-1 registration submitted by 21Shares, strengthening the company’s intent to bring Sui-based investment products to the American market. If approved, this would become the first U.S.-listed ETF offering direct exposure to Sui’s native token, opening the blockchain’s utility-rich ecosystem to traditional investors.
The filing has been added to the SEC’s public register. Furthermore, 21Shares already lists an SUI ETP on the Euronext Paris and Amsterdam exchanges and has seen inflows of over $300 million globally. The listing of a U.S.-based counterpart would increase Sui’s liquidity and retail ownership.
Sui’s Institutional Adoption Deepens Across Global Markets
Besides the regulatory milestone in the U.S, Sui has witnessed adoption from financial institutions since Q4 2024. Companies such as Canary Capital, Ant Financial, VanEck, Franklin Templeton, and Grayscale have either launched or announced blockchain-related projects built on the Sui network. This wave of institutional alignment reflects confidence in Sui’s scalability and real-world utility.
Kevin Boon, who is the president of Mysten Labs, stated in the blog post, “The milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI.” He emphasized how quickly the network has progressed, noting that Sui’s mainnet only launched two years ago.
Sui’s architecture supports a broad range of use cases through horizontally scalable infrastructure and object-oriented programming. These attributes enable the network to host applications spanning DeFi, gaming, and real-world asset tokenization without compromising performance.
Related: Sui Teams Up with Dubai’s VARA to Support Crypto Startups
Sui TVL and Token Metrics Reflect Strengthening Fundamentals
The latest statistics provided by DeFiLlama indicate that the Total Value Locked in Sui is approximately $1.955 billion, representing a 0.96% increase over the past day. Stablecoins remain the leading asset in the ecosystem, accounting for a total value of $1.114 billion.
The 24-hour decentralized exchange trading volume reached $349.73 million, while app fees generated within the same period amounted to $131,495. Chain revenue and chain fees both recorded $30,816 in the past 24 hours. Perpetuals’ trading volume reached $66.73 million, accompanied by on-chain inflows of $352,131, indicating intensified trading interest.
The SUI token is priced at $3.51 at press time, with a market capitalization of $11.91 billion. The network’s fully diluted valuation is at $35.067 billion. Performance data shows that growth accelerated in late 2023 and has continued into 2025, driven by expanding utility, strong institutional backing, and DeFi momentum.
