Hold onto your hats, folks! 🎩 This is the first-ever ETF proposal that’s cozied up to the Sui blockchain’s native token. Yes, you heard it right! It’s now rubbing shoulders with the big boys like Bitcoin and Ethereum, who already have their ETF parties in full swing. 🥳
So, what’s the scoop? Nasdaq’s very own Senior Associate General Counsel, Sun Kim (who I’m sure has a fabulous collection of ties), has submitted this proposal via Form 19b-4. It’s like sending a love letter to the SEC, outlining plans to list and trade the 21Shares SUI ETF. 💌
And guess what? This filing is just the first step under Section 19(b)(2) of the Securities Exchange Act. It’s like the SEC’s version of a first date—awkward but necessary! 😬
If the SEC gives this a thumbs up (fingers crossed! 🤞), investors can dip their toes into SUI without having to babysit the actual digital asset. It’s like having your cake and eating it too, but without the calories! 🍰 This could really ramp up demand and get the Sui network the attention it deserves—after all, it’s a fast-growing Layer 1 blockchain that’s all about scalable smart contracts and DeFi applications. 🚀
This filing is just adding fuel to the fire of recent ETF excitement in the crypto world. It’s like everyone suddenly decided that diversifying beyond Bitcoin and Ethereum is the new black! 🖤
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2025-05-27 20:01