Nasdaq has submitted a request for approval to list a spot Sui exchange-traded fund (ETF) on US markets. This filing by 21Shares, a crypto asset manager, initiates the Securities and Exchange Commission’s review process. The 21Shares SUI ETF would track the Sui cryptocurrency’s value, following 21Shares’ April submission of its registration statement to the SEC for approval to trade the fund. Both filings are crucial steps before the fund can become active. The SEC has 45 days to decide on the application, which could be delayed multiple times for up to 240 days. They must make a decision by January 18, 2026, at the latest. While the filing mentions BitGo and Coinbase Custody as potential custodians of the fund’s SUI tokens, details regarding fees and ticker symbol are yet to be announced.