SUI Token Rallies on ETF News Before Market Downturn

  • SUI, the native token of the Sui blockchain, briefly surged after Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF. This follows an earlier S-1 registration filing in April and marks a significant step toward launching the first spot SUI ETF in the U.S., potentially offering traditional investors regulated access to SUI.