Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Spot Sui ETF Sparks Immediate Price Surge

Spot Sui ETF Sparks Immediate Price Surge

CointurkCointurk2025/05/03 01:11
By:İlayda Peker

In Brief Sui's price briefly increased after 21Shares' ETF application was announced. The SEC's decision on ETF applications is anticipated by November 2025. Growing investor demand is evident with nearly 70 crypto-based ETF reviews ongoing.

Sui, a competitor to Solana $148 , experienced a brief price increase following the announcement of 21Shares’ spot Sui ETF application. Prior to the announcement, the cryptocurrency asset was trading at approximately $3.56, but surged to $3.75 within a few hours before settling back down to around $3.57.

SUI ETF Application

21Shares has submitted the necessary application for a spot ETF it plans to offer for Sui. The approval process for this application lies with the U.S. Securities and Exchange Commission ( SEC ). Similarly, the crypto asset manager Canary Capital has also applied for a Sui ETF.

A comprehensive decision on these applications is expected to be seen possibly by November 2025.

Other Developments in the Sector

The SEC is evaluating various crypto-based exchange-traded fund applications. The regulatory body has previously approved ETFs for Bitcoin $96,858 and Ethereum $1,842 in spot markets and is known to be reviewing nearly 70 ETF applications. This development signals an increase in investor demand within the sector, as numerous companies strive for ETF applications and internal crypto services.

Relevant authorities have stated that while assessing Sui’s ETF application, they are closely monitoring market movements.

Duncan Moir, President of 21Shares: “Since our initial research, we’ve believed Sui could be an exciting blockchain, and we are witnessing this materialize.”

Market observers have indicated that this development, reflecting the growing demand from investors, has positively influenced interest in Sui.

Recent movements show that Sui’s future valuation will shape up according to regulatory approval processes and investor interest in the market. These developments are among the elements that institutions and investors need to carefully monitor for potential decisions.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Russia to move crypto miners to the barren north, let them mint at old oil fields

Share link:In this post: Bitcoin miners may be asked to relocate to Russia’s north. Proposal comes amid expanding ban on cryptocurrency mining. Miners offered to utilize idle power infrastructure at abandoned oil fields.

Cryptopolitan2025/05/21 23:16
Russia to move crypto miners to the barren north, let them mint at old oil fields

SpaceX could cash in on Trump’s $175B “Golden Dome” missile defense system plan

Share link:In this post: SpaceX, Lockheed Martin, Boeing and others are racing to build Trump’s $175 billion Golden Dome missile shield. On May 1, 42 Democratic lawmakers asked the Defense Department inspector general to review the contract over Elon Musk’s ties and conflict concerns. The Trump team says the shield can be done in three years for $175 billion, but the CBO pegs it at 20 years and $524 billion.

Cryptopolitan2025/05/21 23:16
SpaceX could cash in on Trump’s $175B “Golden Dome” missile defense system plan

Metaplanet is going parabolic; Is the market bullish on Bitcoin Treasuries?

Share link:In this post: Metaplanet increased its Bitcoin reserve holding to 78% of the original target of 10000 BTC by the end of 2025. Metaplanet stock has gained over 57% throughout the past week and a 163% gain on the monthly chart. Metaplanet has become the most shorted stock by Japanese hedge funds, while analysts compare it to GME of 2021.

Cryptopolitan2025/05/21 23:16
Metaplanet is going parabolic; Is the market bullish on Bitcoin Treasuries?