SEC Delays Decision on 21Shares SUI ETF: Regulator Works on Generic Crypto ETF Rules

The U.S. Securities and Exchange Commission (SEC) has once again postponed its verdict on the approval of the 21Shares SUI ETF. The delay comes as the regulator, together with major exchanges Nasdaq, NYSE, and CBOE BZX, develops generic listing standards for spot crypto ETFs. While this move aims to bring greater consistency to the approval process, it also extends the waiting period for altcoin funds, including SUI.

Approval Pushed to December According to the latest SEC filing, the decision on the 21Shares Spot SUI ETF has been extended to December 21. The Commission had originally been expected to decide earlier, but it has now opened proceedings to evaluate whether the proposed rule change meets the requirements for approval. Nasdaq filed for the ETF’s listing back on May 23, under the commodity trust shares rule. In July, the SEC extended its review period and called for public comments, opening the floor for stakeholders to submit arguments and data. Although the official deadline is late December, there is speculation that the SEC could decide in October, possibly alongside a package of other spot altcoin ETFs.

SEC Prepares Generic Standards Reports confirm that Nasdaq, NYSE, and CBOE BZX are working with the SEC on generic listing standards for spot crypto ETFs. The amendments would remove “excluded commodities” from the definition of “commodities” and set a uniform framework applicable across various products. Nate Geraci, co-founder of the ETF Institute, expects the new rules to come into effect in early October, noting that the timing likely aligns with key deadlines for current ETF applications.

SUI Price Under Pressure While the regulator deliberates, the SUI token is trading at around $3.33, down 0.5% on the day.

🔹 24-hour low: $3.24

🔹 24-hour high: $3.36

🔹 Trading volume: down 15% Technical indicators show SUI continues to trade below the 50-day and 100-day moving averages (MA). A drop below the 200-MA at $3.14 could send the token under the $3 mark. With the RSI at 45, some upside potential remains.

On derivatives markets, CoinGlass data shows mixed signals: open interest in SUI futures dropped 2% to $1.82 billion, while overall open interest across crypto rose 0.75%. This suggests some investors liquidated positions during the pullback, while others are still betting on a recovery.

👉 Bottom line: The delay in approving the 21Shares SUI ETF highlights the SEC’s push to build a stronger foundation for the crypto ETF sector. While altcoin funds face longer wait times, the eventual result could be greater transparency and predictability for the entire market.

#sui , #SEC , #etf , #crypto , #altcoins

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