21shares rolls out spot SUI ETF on Nasdaq, marking the latest fund tied to Sui to launch

Digital asset manager 21shares has debuted the 21Shares Spot SUI ETF, now trading on Nasdaq under the ticker TSUI. This launch follows 21shares' earlier introduction of a leveraged SUI product in December. According to Duncan Moir, president of 21shares, this spot-based structure expands access to Sui. The non-leveraged fund arrives shortly after other spot SUI ETFs, such as the Canary Stake SUI ETF and the Grayscale Sui Staking ETF, went live last week. Sui is a hyper-scalable Layer 1 blockchain developed by Mysten Labs, with its native token SUI currently ranking 31st by market capitalization. Evan Cheng, CEO of Mysten Labs, noted Sui's significant progress in payments and cross-border settlement, attracting institutional interest.

(Source：The Block)