21Shares Takes Crypto to Wall Street: SUI ETF Now Features Staking and Nasdaq Listing

 

21Shares’ SUI ETF Moves Forward: Nasdaq Listing Confirmed and Staking Added

The U.S. crypto investment landscape is witnessing a significant development as 21Shares, a prominent European digital asset firm, has updated its filing with the Securities and Exchange Commission (SEC) for its SUI Exchange Traded Fund (ETF). The new filing not only confirms a Nasdaq listing but also introduces staking for the ETF’s underlying assets, signaling a potential evolution in crypto investment products in the United States.

Staking Enters the U.S. Crypto ETF Market

In the amended S-1 filing submitted on October 23, 2025, 21Shares detailed the mechanisms for incorporating staking into the SUI ETF. Staking, a process by which cryptocurrency holders lock up tokens to validate network transactions and earn rewards, is becoming a sought-after feature among investors looking for passive income opportunities.

According to the filing, the ETF will manage staked assets with clearly defined unbonding periods, redemption processes, and trust size considerations. Market conditions will also be closely monitored to maintain both security and liquidity for investors participating in staking through the ETF.

The firm has partnered with Coinbase Crypto Services to administer the staking component. Coinbase will validate and approve transactions, as well as generate blocks for the SUI network on behalf of the ETF. The collaboration is set for a two-year term, underscoring 21Shares’ commitment to institutional-grade operational security.

While the filing confirms staking, several details remain pending, including the ETF’s ticker symbol and management fees, which will likely be disclosed in future amendments. Analysts suggest that the integration of staking could make the SUI ETF more appealing to investors seeking exposure to the cryptocurrency while simultaneously earning rewards, bridging the gap between traditional finance and decentralized finance (DeFi).

Nasdaq Listing and Custodial Arrangements

A key highlight of the updated filing is the confirmed Nasdaq listing, a move that provides regulatory legitimacy and broader market access for U.S.-based investors. By listing on Nasdaq, 21Shares aligns the SUI ETF with traditional financial market infrastructure while offering exposure to digital assets.

Custodial arrangements have also been clarified. The Bank of New York Mellon will act as cash custodian, managing fiat assets associated with the fund, while Coinbase Custody will oversee the digital assets. These partnerships are intended to provide a secure and regulated environment, addressing investor concerns regarding custody risks that have historically hindered broader adoption of crypto ETFs in the U.S.

Other operational details, including transfer agent responsibilities and marketing arrangements, are yet to be disclosed. If approved, the SUI ETF is expected to track the token’s price via the CME CF Sui Dollar Reference Rate, a benchmark designed to provide transparency and consistency in valuing the digital asset.

Market Response to the Filing

The announcement had an immediate effect on market sentiment. Following the filing update, SUI token prices rose by 2.5%, reaching $2.47. Futures trading also gained traction, with open interest increasing by 3% within the first hour post-filing, reaching $823 million. At the time of writing, SUI is trading at $2.48, reflecting a 0.88% increase over the past 24 hours, although trading volume declined by 18.6% to $891.7 million.

Source: CMC

Market analysts suggest that these movements reflect investor optimism surrounding regulated crypto investment products and the potential for staking rewards within an ETF structure. The announcement also reinforces the growing trend of blending traditional financial instruments with decentralized assets, a combination that could attract both retail and institutional investors.

Why the 21Shares SUI ETF Matters

The amended SUI ETF filing comes at a time when the SEC is scrutinizing crypto ETF applications more closely than ever. Regulatory clarity has been a major barrier for digital asset investment in the United States, with most decisions pending as the agency collaborates with exchanges to establish rules for spot-based crypto ETFs.

By including staking and securing a Nasdaq listing, 21Shares is positioning the SUI ETF as a unique offering in the U.S. market. This combination offers investors the dual benefit of potential token appreciation and passive income from staking, a model that could redefine expectations for U.S. crypto ETFs.

The ETF’s design reflects a broader trend in the crypto industry toward regulated, institutional-grade products. Investors increasingly demand transparency, security, and compliance, and 21Shares appears to be addressing all three dimensions. The presence of reputable custodians like BNY Mellon and Coinbase further enhances investor confidence in a market often marred by concerns over hacking and fund mismanagement.

Bridging DeFi and Traditional Finance

The integration of staking within an ETF structure represents a significant step in bridging decentralized finance (DeFi) with traditional investment frameworks. Investors who previously hesitated to participate directly in crypto networks can now access staking rewards through a regulated product, reducing exposure to technical complexities and operational risks.

This approach aligns with broader institutional adoption trends, as more traditional asset managers and hedge funds seek ways to incorporate crypto into diversified portfolios. The combination of regulated custody, Nasdaq listing, and staking potential could position the SUI ETF as a flagship offering for U.S. investors seeking both growth and income opportunities in the digital asset space.

Potential Implications for the Crypto Market

The 21Shares SUI ETF may influence other firms planning U.S. crypto ETF launches. As regulators observe staking-integrated products under a regulated framework, we may see increased competition and innovation among asset managers, potentially leading to more diverse crypto ETFs that offer unique features such as rewards, yield farming, or tokenized derivatives.

Additionally, the filing could boost market confidence in SUI and similar assets. When regulated investment vehicles offer exposure to specific tokens, liquidity tends to increase, reducing price volatility and providing a more predictable market environment for traders and long-term holders alike.

Conclusion

21Shares’ amended SUI ETF filing marks a pivotal moment for U.S. crypto investment. By integrating staking, confirming a Nasdaq listing, and securing trusted custodians, the firm is setting a new benchmark for digital asset ETFs.

While the SEC’s approval is still pending, this move illustrates the growing convergence of decentralized finance and traditional capital markets. Investors now have the opportunity to participate in a regulated, secure, and potentially rewarding investment product, highlighting the evolving sophistication of the U.S. crypto landscape.

As the market awaits regulatory decisions, all eyes are on how this ETF will perform once trading commences and whether it can successfully attract both retail and institutional investors seeking exposure to digital assets in a structured and compliant framework.

Source

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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