A recent update from 21Shares provides new details about the proposed SUI exchange-traded fund (ETF), which has ignited a bullish market sentiment and pushed Sui’s price past $4,500. This comes at a time when regulatory delays are holding back investor confidence for cryptocurrencies on a broader scale. The ETF filing was immediately met with enthusiasm from investors, driving the price of SUI up over 2% within hours. The move marks a significant step in legitimizing the platform and attracting more mainstream investment. 21Shares’ ETF proposal outlines a staking framework, custody partners, and Nasdaq as the potential exchange for trading shares. While no specific ticker or fee structure has been disclosed yet, Coinbase Crypto Services will act as the staking provider under a two-year agreement, validating transactions to provide rewards to users based on their holdings. The ETF is designed to mirror SUI’s performance through the CME CF Sui Dollar Reference Rate. Detailed information regarding transfer agents and marketing partners will be announced in future amendments.