SUI Price Soars as 21Shares Files for SUI ETF on Nasdaq

Key Insights:

• 21Shares files for SUI ETF with US SEC, potentially expanding SUI’s investor base.
• SUI price rises to $3.62 after ETF filing, showing positive market reaction.
• SUI’s price chart shows a recurring pattern of sharp upward moves followed by pauses.

SUI price soared as Nasdaq officially filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares SUI ETF. After this filing, the US SEC takes charge of deciding if the ETF can be launched.

Earlier this month, 21Shares had already submitted Form S-1 to the SEC. It outlines the structure and investment goals of the proposed fund. If approved, the SUI ETF will offer regulated market access to the SUI token for institutional investors through traditional brokerage platforms.

ETF decisions from the SEC have been delayed in the past, but this filing moves the SUI ETF into the official evaluation phase. The outcome will be closely watched across the digital asset space.

SUI Price Reacts to 21Shares ETF Filing

The SUI price moved up after the ETF filing became public. At press time, the price of the token is $3.62, and it has risen 0.96% compared to the last day. In that same time, over $1 billion worth of cryptocurrency has been traded. However, in the past seven days, the token has declined by approximately 5.5%.

The price move follows a challenging week for the Sui network. The decentralized exchange Cetus suffered disruption after a $223 million hack. The Sui team has confirmed that the issue was caused by a flaw in a third-party library, not the network itself. Money estimated at more than $160 million has been frozen as efforts to recover assets continue.

To strengthen ecosystem security, the Sui Foundation has introduced a $10 million fund focused on safety improvements and developer support.

Repeating Price Pattern Appears on SUI Chart

SUI’s price chart on the daily time frame shows a recurring trend observed by traders: a sharp upward move, followed by a pause. This formation has happened three times now and the way prices are moving now looks very similar to the first two times it appeared.

Each time, the SUI price moved through a consolidation phase before climbing higher. Those following this development think it may head in the same direction as before. The previous rallies took SUI to higher price zones, and traders will now observe if the current phase leads to a similar outcome.

The area between $6 and $8 is still important to keep an eye on because it has previously acted as a barrier to the price.

SUI Volume Reaches $470 Billion

Data from DeFiLlama shows that SUI has surpassed $470 billion in total token volume across both centralized and decentralized platforms. As of May 27, 2025, the market is active at an average of more than $18.8 billion each month.

Higher volume reflects rising attention to the network, sparking hopes over a possible rally ahead. Prices in the market remain stable, and more people take part because of the deep and liquid markets.

More platforms and investment funds exploring ways to use SUI are driven by the increasing interest demonstrated by the asset’s volume growth. The approval of the ETF could encourage traditional investors to explore the token, which in turn could drive a rally in the SUI price.

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