21Shares said on Feb. 24 local time it listed the 21Shares spot SUI ETF on Nasdaq, which is linked to the SUI token. It follows the launch of the 21Shares 2X SUI ETF in December. 21Shares said the spot-based product expands access to investing in SUI.
The Canary Staked SUI ETF and the Grayscale Sui Staking ETF were also recently launched.
SUI is the native token of a layer 1 blockchain developed by Mysten Labs and is used for transaction fees and smart contract execution. It currently has a market value of about $3.3 billion and ranks 31st in the global crypto market. Mysten Labs CEO Evan Cheng (에반 청) said, "SUI is establishing itself as a strong on-chain economy in payments and cross-border settlement, and is attracting interest from major institutions such as 21Shares."
Chi-gyu Hwang
delight@d-today.co.kr