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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-17058, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Connectivity Schedule and Discontinue a Previously Proposed Offering
Previous / Next Documents
Previous: 2025-10439, Agency Information Collection Activities: Notice of Intent To Renew Collection Number 3038-0067, Part 162-Protection of Consumer Information Under the Fair Credit Reporting Act
The Commodity Futures Trading Commission wants to keep collecting info that helps protect your consumer data under the Fair Credit Reporting Act. They’re asking the public to share thoughts on this for the next 60 days. This affects companies handling your info but won’t cost anyone extra or change the rules much—just keeping things running smoothly.
Next: 2025-10442, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Nasdaq Rule 5712 To Provide for the Listing and Trading of Commodity- and/or Digital Asset-Based Investment Interests and To List and Trade Shares of the Hashdex Nasdaq Crypto Index US ETF Under Proposed Nasdaq Rule 5712
Nasdaq wants to start listing and trading new investment products based on commodities and digital assets, including shares of the Hashdex Nasdaq Crypto Index US ETF. The SEC is now deciding whether to approve or reject this plan, which could open up fresh ways for investors to trade crypto-related funds. The decision will impact investors and the market soon, with a deadline set for early June 2025.