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- Nasdaq’s filing for a 21Shares SUI ETF signals institutional confidence in the Sui network and has sparked a sharp increase in trading volume and market optimism.
- SUI’s recovery is closely linked to broader crypto market momentum—especially Bitcoin’s ETF developments—which may continue to amplify investor interest in the months ahead.
SUI, the native token of the Sui blockchain, has shown very clear signs of recovery after its recent dip, which was tied to the Cetus Protocol hack and broader macro uncertainty.
According to the report, the recovery occurs also together with Nasdaq officially filing a 19b-4 application with the U.S. SEC to list the 21Shares SUI ETF, marking a potential milestone for institutional involvement in the Layer-1 blockchain.
In accordance with Crypto News Flash (CNF)’s prior coverage in 2024, SUI ecosystem development had already fueled calls for an incoming price rally at the time, especially as Bitcoin staking functionalities were introduced for users. As per a recent development, SUI Network tweeted that the “next stop” is institutional adoption.
Nasdaq just filed to list the 21Shares SUI ETF — a spot ETF backed by the SUI token.
From $300M+ in global ETP inflows to a potential U.S. listing, institutional momentum for Sui is very real.
Next stop: institutional adoption. pic.twitter.com/5AGtmXimHs
— Sui (@SuiNetwork) June 10, 2025
Specifically, it is also reported that from $300M+ in global ETP inflows to a potential U.S. listing, institutional momentum for Sui is very real. Furthermore, as stated in a post on Sui’s Blog, Kevin Boon, President of Mysten Labs, commented:
Looking back at our mainnet only two years ago, the milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI.
According to the data, SUI’s 24-hour spot volume surged to $1.01 billion, a 300% jump in one day. On the derivatives side, Coinglass reports a 6.4% increase in volume to $5.16 billion, while open interest grew 3.50% to $1.52 billion, pointing to rising speculative interest.
Bitcoin’s Anchoring Role and the Implications of SUI Recovery
Anchoring to a recent CNF report, it was highlighted that the Sui Foundation’s integration of sBTC and its validator role on Stacks amplified Bitcoin’s decentralized finance (DeFi) use without intermediaries. As institutional interest in Bitcoin ETFs remains strong, altcoins like SUI are benefiting from the resulting liquidity flows and investor confidence.
At the time of writing, SUI is trading at $3.50, up 3.24% in the past day and 8.13% in the past week. Meanwhile, on the other hand, Bitcoin (BTC) is trading at approximately $109,527.49, reflecting a 0.24% increase in the past day and 3.95% in the past week.
Looking ahead, analysts still maintain that BTC could reach $170K by late 2026, thus, assuming continued regulatory progress. This is particularly relevant because the correlation between Bitcoin’s trend and altcoin performance. See the BTC price chart below.
