The Crypto ETF frenzy is accelerating in the US with the favorable environment under the Trump’s Presidency. Numerous filings are already in motion to get approval from the SEC. Nasdaq is the latest traditional stock trading platform that filed to list a crypto ETF on its platform. Nasdaq is planning

• Nasdaq files to list 21Shares SUI ETF on its trading platform
• Nasdaq submitted a 19b-4 filing to the SEC and started the review process

The Crypto ETF frenzy is accelerating in the US with the favorable environment under the Trump’s Presidency. Numerous filings are already in motion to get approval from the SEC. Nasdaq is the latest traditional stock trading platform that filed to list a crypto ETF on its platform.

Nasdaq is planning to list 21Shares SUI ETF, for which it has been making moves for the past few months. Following its S-1 registration filing in April, it has recently submitted a 19b-4 filing to the US SEC. The latest filing entered the SEC’s public register, which indicates that the review process has begun. 

SUI Institutional Adoption Accelerates 

Sui cryptocurrency has made a name for itself in the crypto industry with its unique capabilities appealing to developers and investors alike. Meanwhile, its ETF products are also gaining momentum in the last few months. 

Several other firms like Canary Capital, Franklin Templeton, VanEck, and Grayscale have also launched SUI ETF products. The SUI ETF products surpassed $300 million in terms of AUM, as per the latest Coinshares report. The cryptocurrency is marked as one of the top in terms of asset inflows, after Bitcoin, Ethereum, and Solana. 

Referring to the Nasdaq filing, President of Mysten Labs stated, 

“Looking back at our mainnet only two years ago, the milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI.”

The SUI token is trading in the $3.50 price range at present. It recorded a price surge of 3.25% in the last 24 hours, while its market cap is close to $12 billion. 

Even though it has recorded a weekly price surge of over 8%, its price fell by a significant 17% on a monthly basis. We might witness a price surge soon after Nasdaq’s filing is completely approved by the US SEC. 

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