- 21Shares has filed an S-1 with the SEC to launch a physically-backed SUI ETF in the U.S.
- Sui’s DeFi access, Bitcoin integration, and Web3 gaming push support institutional ETF interest.
21Shares doesn’t seem to want to miss the train when it comes to crypto ETFs. The Swiss investment firm has officially filed a Form S-1 with the United States Securities and Exchange Commission (SEC) to launch an ETF based on the SUI token.
If approved, this product will hold the SUI token directly, not through derivatives or staking strategies. This means that investors will be truly exposed to the price movements of the token from the Layer-1 blockchain network, not just its mirror reflection.
❗ @21Shares_US, a prominent issuer of crypto exchange-traded products, just made a TradFi play for SUI.
They’ve filed an S-1 registration statement with the SEC for a SUI ETF — meaning you may one day be able to get SUI exposure directly from your brokerage account.
The launch… pic.twitter.com/gN8iUKJBGy
— Sui (@SuiNetwork) May 1, 2025
Behind this step, there is a fairly clear signal that 21Shares is very confident that Sui is not a frivolous project. Moreover, the Sui network has just overtaken Tron in the number of daily active addresses in early April 2025, recording 2.46 million users in a day.
The price of the SUI token was recorded to have jumped by 10.9% in the 24 hours after the news broke, touching about $3.68. Trading volume has also increased significantly, reflecting investor enthusiasm for the prospects of this token if its ETF is approved.
Utila, Bitcoin, and Gaming: Sui Is No Longer Just a New Chain
Furthermore, Sui is also expanding its appeal to various sectors. On the other hand, CNF reported that Utila, a digital asset management platform, is now integrated with the Sui network.
Not just an add-on. Through this integration, financial institutions can now access staking, DeFi, and treasury services directly on the Sui blockchain. This feature opens the door for big players who usually play the safe route to start exploring the crypto area without feeling like they are gambling.
Not enough? Sui is also preparing to support sBTC—a wrapped version of Bitcoin from the Layer-2 Stacks network that is 1:1 in value with real BTC.
With this, users can start exploring Bitcoin-based loans or trading in the Sui DeFi ecosystem without having to deposit it with a centralized custodian. This could be a crucial step because it provides BTC liquidity without compromising on security.
Not only that, this network is also expanding into the entertainment world. Sui has just announced a list of Web3 games that will be released throughout this year, ranging from Samurai Shodown R, Brave Frontier Versus, to Code of Joker: Evolutions.
Most of these games will also be playable on the SuiPlay0X1 handheld console, which he says is designed to bridge the traditional gaming experience and Web3. Imagine having a Nintendo Switch, but each of your characters can be traded on an NFT marketplace.
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