Nasdaq Files for SUI ETF as Altcoin Interest Surges

In a significant development for the cryptocurrency market, Nasdaq has officially filed for a new exchange-traded fund (ETF) tied to the native token of the Sui blockchain. The proposed 21Shares SUI ETF would offer investors a regulated way to gain exposure to the SUI token without directly purchasing or holding it.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Nasdaq submitted a formal 19b-4 application—an essential regulatory step for listing new ETFs. The submission was made by Sun Kim, Nasdaq’s Senior Associate General Counsel, marking another push by traditional finance to integrate digital assets into mainstream investment products.

If approved, the SUI ETF would introduce Sui to a broader investor base. Known for its high-speed blockchain and support for decentralized finance (DeFi) and smart contracts, Sui is positioning itself as a major player in the next generation of crypto infrastructure.

This filing is part of a broader trend as interest in altcoin-based ETFs grows rapidly. ETF applications tied to coins like Solana, XRP, and Litecoin have also gained momentum. Senior Bloomberg analyst Eric Balchunas recently noted that many of these altcoin ETFs stand a strong chance—up to 75%—of receiving SEC approval in the near future.

While Bitcoin and Ethereum remain dominant in the ETF space, Nasdaq’s move signals a shift toward embracing a wider range of crypto assets. If the SUI ETF gains approval, it could bring new capital inflows and institutional attention to the Sui ecosystem, further legitimizing altcoins in the eyes of traditional investors.