SEC Scrutinizes New SUI ETF for Nasdaq Debut
Published Date: 9/9/2025
Notice
Summary
The SEC is deciding whether to let Nasdaq list and trade shares of the 21Shares SUI ETF, a new commodity-based fund. This affects investors interested in this ETF and could open up fresh trading options soon. The decision deadline is September 8, 2025, and no public comments have been made yet.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
ETF Structure: Holds SUI, Cash Redemptions
The proposed 21Shares SUI ETF would hold the digital asset SUI and seek to track the CME CF SUI—Dollar Reference Rate—New York Variant; it would value its shares daily as of 4:00 p.m. ET. The Trust would use BitGo New York Trust Company, LLC and Coinbase Custody Trust Company, LLC for custody and would sell or redeem shares in cash with authorized participants in blocks of 10,000 shares.
SEC Reviewing New SUI ETF Listing
The SEC is deciding whether to allow Nasdaq to list and trade the 21Shares SUI ETF, a fund that would give investors a way to buy shares tied to the digital asset SUI. The Commission instituted proceedings and set a decision deadline of September 8, 2025; the proposal previously published for comment and the Commission has received no public comments to date.
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