21Shares Seeks SEC Approval for SUI ETF, Bolstering Institutional Trust in Layer-1 Blockchain

Swiss asset management firm 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) linked to Sui, a prominent Layer-1 blockchain. This application signals strong institutional confidence in SUI as the network continues to gain market momentum.

The filing aligns with a newly announced strategic collaboration between 21Shares and Sui’s CORE development team. The partnership will focus on creating co-branded financial products, conducting joint research, and building institutional-grade blockchain tools. Leadership from both organizations framed this alliance as a strategic investment in Sui’s potential to serve as critical infrastructure for global digital asset ecosystems.

This move represents an expansion of 21Shares’ crypto product offerings into the U.S. market, building on their track record of innovative digital asset products. SEC approval of the SUI ETF would mark a significant step in mainstream institutional adoption of the Sui blockchain network.