21Shares has submitted a spot Sui ETF application to the SEC, with the approval process beginning. The filing follows 21Shares’ launch of SUI-based ETFs in Europe and comes as the blockchain ecosystem addresses the fallout from a $220 million exploit on Cetus, a decentralized exchange. The SEC is now tasked with reviewing this proposal before issuing a final decision by January 18, 2026. The ETF aims to track the price of the Sui (SUI) token and will employ BitGo and Coinbase Custody for safekeeping. Meanwhile, Cathie Wood continues to advocate for the long-term significance of crypto ETFs. Despite growing interest in cryptocurrency wallets, she believes that ETFs remain a vital tool for mainstream investors.