The SUI token has surged significantly following the filing of a proposed exchange-traded product (ETF) for the Sui blockchain network by 21Shares. The Securities and Exchange Commission (SEC) is now reviewing the application, with a final decision due in January 2026. This move comes after 21Shares submitted an S-1 registration form earlier this year, which are required for listing before trading can begin. If approved, the ETF would offer institutional investors regulated access to the SUI token, currently the 13th largest cryptocurrency by market capitalization at $12.3 billion. The SEC’s review has triggered a surge in SUI’s price to over 8%, reaching nearly $3.70, as well as record trading volume exceeding $1.16 billion according to CoinMarketCap.