Investors Rejoice! Nasdaq’s Sui ETF: The New Gold Rush or Just Fool’s Gold? 💰

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Well, hold onto your wallets, folks! Nasdaq has decided to throw its hat into the ring with a brand new exchange-traded fund (ETF) linked to the Sui blockchain’s native token. Yes, you heard it right! According to a recent SEC filing—because who doesn’t love a good paperwork party?—Nasdaq submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the 21Shares SUI ETF. 🎉

Nasdaq Files For Sui ETF

Now, while Bitcoin and Ethereum are already strutting their stuff with ETFs, Sui is like the new kid on the block trying to get into the cool kids’ club. The filing was done by Nasdaq’s Senior Associate General Counsel, Sun Kim, who probably had a cup of coffee and a dream when he filled out that fancy 19b-4 form. This is a crucial step in getting the SEC to say, “Sure, why not?” and let the ETF trade in regular markets. 🏦

If the SEC gives it the thumbs up, this ETF would allow investors to dip their toes into Sui without having to buy or hold those pesky SUI tokens directly. Talk about a win-win! 🙌

According to official filings, Nasdaq has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the 21Shares SUI ETF.

— Wu Blockchain (@WuBlockchain) May 27, 2025

This could bring a whole lot of attention and demand to Sui, which is known for being faster than a cheetah on roller skates and supporting smart contracts and DeFi projects. Who wouldn’t want a piece of that action? 🐆💨

Rising Interest in Altcoin ETFs

But wait, there’s more! This SUI ETF plan is just part of a growing trend. More companies are filing for altcoin ETFs, including coins like Litecoin, Solana, and XRP. It’s like a buffet of digital currencies, and everyone’s hungry! 🍽️

Senior Bloomberg analyst Eric Balchunas shared that many of these altcoin ETFs have a high chance—around 75% or more—of getting SEC approval soon. So, it looks like interest in altcoins is growing faster than a cat meme on the internet, and it’s not just Bitcoin and Ethereum hogging the spotlight anymore! 😺✨

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2025-05-27 16:39