21Shares applies to NASDAQ for SUI spot ETF listing

According to the document SR-NASDAQ-2022-042 submitted by NASDAQ, 21Shares has applied to list the 21Shares SUI ETF on the NASDAQ exchange, tracking the spot price of the Sui native token SUI. This ETF aims to calculate net asset value based on daily SUI USD reference prices compiled using CF Benchmarks, without using leverage or derivatives, and only holding spot SUI, managed by BitGo and Coinbase Custody. This trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.