Sui ETF Proposal Sparks Surge in Price, Could It Hit $5?

The Sui price has experienced a significant surge after the Nasdaq filed an initial request for a spot-exchange traded fund (ETF) listing of its native token, SUI. This marks a landmark moment for the project as it becomes the first non-Bitcoin and Ethereum cryptocurrency to gain ETF approval on this scale. The proposal was submitted by Nasdaq’s Senior Associate General Counsel, Sun Kim, through Form 19b-4, which is a key regulatory step toward potential SEC approval. Will this ETF approval catalyze the Sui price surge towards its $5 target this altcoin season?