New SUI Crypto ETF Eyes Nasdaq Debut—Blockchain Meets Wall Street
Published Date: 6/10/2025
Notice
Summary
Nasdaq wants to start trading shares of the 21Shares SUI ETF, a new fund based on commodities, starting soon. This change lets investors buy and sell these shares easily on Nasdaq, opening up fresh opportunities in the market. If you’re into trading ETFs or commodities, keep an eye out for this new option hitting the exchange!
Analyzed Economic Effects
5 provisions identified: 3 benefits, 1 costs, 1 mixed.
Buy SUI via Nasdaq-listed ETF
Nasdaq filed to list the 21Shares SUI ETF under Nasdaq Rule 5711(d), letting you buy and sell shares that seek to track the SUI token through a regular brokerage account instead of holding SUI directly. The Trust values Shares daily (NAV calculated as of 4:00 p.m. ET) and uses a Pricing Benchmark to track SUI.
Trust Not Registered Under 1940 Act
The Trust is not an investment company registered under the Investment Company Act of 1940 and is not subject to regulation under that Act. The Trust also is not a commodity pool under the Commodity Exchange Act and the Sponsor is not subject to CFTC regulation.
No Leverage, Staking, or Airdrop Rights
The Trust will not use leverage, derivatives, or similar arrangements, and it will not engage in actions to earn additional SUI (for example, staking or rewards). The Trust will also disclaim incidental rights from forks or airdrops and will not take such assets into account for NAV.
Creations/Redemptions Done Only In Cash
Authorized Participants will create and redeem Shares using cash only (not by delivering or receiving SUI); creations and redemptions occur in Baskets (blocks of 10,000 Shares). Any slippage, trading fees, spreads, or similar costs on creation/redemption are the responsibility of the Authorized Participant, not the Trust or Sponsor.
Trading Hours, NAV Timing, and IIV Updates
The Exchange will allow trading in the Shares from 4:00 a.m. to 8:00 p.m. ET. NAV per Share is calculated daily as of 4:00 p.m. ET and the intraday indicative value (IIV) will be disseminated every 15 seconds during the Regular Market Session.
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