21Shares Files an S-1 Registration Statement with the SEC to Launch the First Spot Sui (SUI) Exchange-Traded Fund in the United States

21Shares, a leading European crypto asset manager, has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the first spot Sui (SUI) exchange-traded fund in the United States.

European crypto asset manager 21Shares has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the first spot "Sui" (SUI) exchange-traded fund in the United States.

This filing follows several other crypto ETF filings, but what sets this one apart is a strategic partnership directly tied to the Layer 1 Sui blockchain — positioning SUI for both market exposure and institutional legitimacy.

The proposed ETF will track the spot market price of SUI, with Coinbase serving as the custodian. Its daily net asset value (NAV) will be based on a benchmark index reflecting the real-time price of SUI. Notably, the ETF will process creations and redemptions in cash rather than in-kind, which is standard in most traditional crypto ETFs.

Moreover, the fund does not intend to stake its SUI holdings to generate yield — a conservative approach that likely aims to align with evolving SEC guidance on staking and securities.

Why the 21Shares-Sui Partnership Matters

Beyond the ETF, 21Shares has also announced a partnership with the Sui network itself — a rare move for an ETF issuer. The collaboration includes joint product development, co-branded research reports, and global outreach campaigns to attract institutional players.

This is more than just a token listing; it’s a coordinated move to elevate Sui as an institutional-grade Layer 1 solution. According to Duncan Moir, President of 21Shares, their early research had already identified Sui as a high-potential project, and today’s market dynamics are proving that theory correct.

For the Sui team, this partnership strengthens their mission to be the global coordination layer for digital assets. Backed by Mysten Labs and built using the Move programming language, Sui’s parallel transaction architecture makes it ideal for applications in gaming, NFTs, and DeFi — use cases that institutions are increasingly exploring.

SUI Price Prediction: Immediate Gains, But What’s Next?

The market responded swiftly to the ETF news. SUI on Thursday morning jumped 4% to $3.70 following the filing. The move pushed SUI to the 13th spot in overall market capitalization, with a valuation of $12.2 billion.

While the initial reaction was bullish, this may just be the beginning. Historically, ETF-related news tends to have multi-phase effects: an early pop, followed by consolidation, and a larger rally once approval or regulatory clarity arrives.

If the ETF gains SEC approval—or even moves into review—we could see an influx of institutional flows similar to what happened with Bitcoin and Ethereum after their ETF approvals. Assuming similar growth curves, a 20–35% upside seems plausible over the next 30–60 days.

Price Prediction Scenarios:

If you invest $1,000 in SUI today at the current market price of $3.65, you would receive approximately 274 SUI tokens. Assuming the ETF gains SEC traction or approval and SUI follows historical ETF-related price trajectories we could see a 20% to 70% price increase over the next 30 to 90 days.

In a moderate bullish case, where SUI reaches $4.50, your investment would be worth approximately $1,233. In a strong ETF-fueled rally, pushing SUI to $6.00, that same investment could grow to $1,644, representing a 64% return.

On the conservative side, if the ETF hype fades or is delayed and price retraces to $3.20, your investment could decline to $876, a 12.4% loss. These scenarios highlight how ETF momentum can create asymmetric risk-reward setups — with limited downside but strong upside potential when regulatory or institutional adoption catalysts emerge.

How SUI Stacks Up Against XRP, SOL, and DOGE

21Shares isn’t stopping at SUI. The asset manager has recently filed for spot ETFs tied to Solana (SOL), XRP, Dogecoin (DOGE), and Polkadot (DOT). This places SUI directly in competition with established large-cap altcoins for attention, liquidity, and regulatory favor.

But Sui’s differentiator lies in its architecture. With parallel execution, low fees, and a focus on real-world use cases like tokenized assets and stablecoins, Sui positions itself as more than a meme or legacy Layer 1. If institutions are looking for a "next-gen" Ethereum (CRYPTO: ETH) alternative, Sui could check the boxes — especially now with a gateway ETF on the horizon.

SUI ETF Filing May Spark New Chapter

The 21Shares spot SUI ETF filing — combined with a partnership with the Sui network — marks a new chapter for both the project and the broader crypto ETF landscape. While the fund’s non-staking model may