Nasdaq’s Bold Bet on SUI: New ETF Filing Could Change Crypto Investing

Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission for a new exchange-traded fund linked to the Sui blockchain’s native token. The application, submitted through the formal 19b-4 form by Nasdaq’s Senior Associate General Counsel Sun Kim, seeks approval for the 21Shares SUI ETF.

If cleared by the SEC, this fund would provide investors with indirect access to Sui without needing to own the SUI token itself. Such exposure would give investors—whether individual or institutional—a way to access the asset through traditional financial means.

Built for speed and scalability, the Sui network supports smart contracts and integrates with DeFi, opening the door to larger markets. The decision to support Sui with ETFs shows enthusiasm for its future and highlights a key change from standard crypto products.

Also Read: XRP on the Edge: Mini-Golden Cross Could Trigger Massive Price Surge

Altcoin ETF Wave Brings New Opportunities Beyond Bitcoin and Ethereum

Interest in ETFs tied to alternative cryptocurrencies is rising sharply. Companies are increasingly targeting assets like Solana, XRP, and Litecoin in their filings. Nasdaq’s move to include Sui follows this trend and highlights growing investor demand for diversified crypto exposure.

According to Balchunas from Bloomberg, a number of altcoin ETFs have a good chance of being approved. He calculates that about 75 percent of the proposals could be approved by the SEC. It shows that more institutions are moving towards managing authorized access to many types of blockchain assets.

A major security breach in the Sui network happened just hours before the SUI ETF filing. Using a vulnerable library in Cetus allowed for the exploitation of $223 million. The Sui team rapidly halted access to $160 million and is still working on bringing back the rest. SlowMist has confirmed that Sui’s core setup was not involved in the exploit.

The incident did not stop the price of SUI from holding steady. It currently trades at $3.64 and has a total value of $12.17 billion. The registration of an ETF may increase the token’s faith and recognition.

Conclusion

Nasdaq’s application to list a Sui-based ETF reflects a calculated move to expand regulated crypto investing. If approved, the 21Shares SUI ETF could open new opportunities and reshape investors’ engagement with emerging blockchain technologies.

Also Read: XRP Not Just a Coin—It’s Gearing Up for a $150 Trillion Disruption

The post Nasdaq’s Bold Bet on SUI: New ETF Filing Could Change Crypto Investing appeared first on 36Crypto.