21Shares has taken a significant step forward in bringing the Sui blockchain’s native token into mainstream investment with its filing for an exchange-traded fund (ETF). This proposal directly addresses the growing demand for exposure to alternative Layer 1 blockchains and positions it alongside established crypto assets like Bitcoin and Ethereum, which already have active ETF offerings. The filing, submitted through Nasdaq’s Senior Associate General Counsel Sun Kim, outlines plans to list and trade the 21Shares SUI ETF, initiating a crucial regulatory journey towards potential approval from the U.S. Securities and Exchange Commission (SEC). If successful, this ETF would grant investors indirect exposure to the SUI blockchain without directly holding or managing the underlying asset. This could potentially drive demand for SUI, which is rapidly gaining traction as a scalable Layer 1 platform designed for smart contracts and DeFi applications. This filing follows a wave of recent momentum in the crypto ETF landscape and underscores the rising interest from institutional investors seeking broader diversification beyond Bitcoin and Ethereum to explore emerging blockchain platforms.