21Shares Submits Spot SUI ETF Proposal, Partnering with Sui Network

Regulatory specialist 21Shares has submitted a proposal to launch a spot-based exchange-traded fund (ETF) tied to the SUI token on the Sui Layer 1 blockchain. The proposed ETF will provide investors with direct exposure to SUI. According to the filing, 21Shares’ holdings for this ETF are secured by Coinbase and NAVs will be calculated based on a benchmark index reflecting spot SUI prices. Crucially, all share creations and redemptions will occur through cash transfers rather than in-kind exchanges.