21Shares Joins Canary Capital in Race for Sui Spot ETF Listing on Nasdaq

Two companies are vying for a spot in the U.S. market with their respective Sui-themed exchange-traded funds (ETFs). 21Shares, known for its European presence and existing SUI staking ETP, has filed to list a spot Sui ETF on Nasdaq, joining Canary Capital in this endeavor. This move follows 21Shares’ initial filing of an S-1 registration statement with the SEC on April 30th. This was followed by a 19b-4 form for listing on Nasdaq, Coinbase Custody and BitGo will serve as custodians.