21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, following its European launch. The filing, submitted on April 30, is part of a broader expansion into the US market, as the firm seeks to capitalize on increased institutional interest in crypto ETFs. The proposed 21Shares Sui ETF aims to track the performance of SUI tokens, which will be held directly, without engaging in leverage or derivatives. This follows the successful trading of similar Sui-based products in Europe since July 2024. While 21Shares is not the only player in the space, having been preceded by Canary Capital, its filing adds to the growing list of over 70 crypto ETFs currently awaiting review by the SEC. As of late April, Sui ETPs had approximately $400 million in assets under management, highlighting the increasing inflow of capital into such instruments. The filing does not specify a planned exchange or ticker for the ETF, indicative of the regulatory uncertainty still surrounding cryptocurrency investments.

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