Sui Cryptocurrency Surges Following Spot ETF Application Announcement

21Shares’ application for a spot Sui ETF has triggered an immediate price surge for the blockchain, with Sui’s value increasing from around $3.56 to $3.75 before settling back down. This development comes as other companies, like Canary Capital, also submitted applications for similar ETFs. While the SEC approval process is ongoing and expected by November 2025, this news signals growing investor interest in Sui.