Cboe Files for First US SUI ETF, Driving Interest in Altcoin Investments

Cboe BZX has filed an application (19b-4) with the SEC to list its first exchange-traded fund (ETF) focusing on the decentralized finance (DeFi) token Sui (SUI). This marks a significant step towards bringing SUI funds, which track the price of SUI, to US markets. The filing outlines a plan for the ETF to leverage Coindesk’s SUI USD CCIX 60 Min NY Rate for its performance measurement. It also includes detailed safeguards against fraud and market manipulation.