SUI Price Surges Following 21Shares’ Nasdaq ETF Filing

The price of the SUI token experienced a notable rise after Nasdaq filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares SUI ETF. This filing marks a critical milestone in the approval process, as the SEC now takes responsibility for determining whether the ETF will be authorized for trading.

Earlier in May, 21Shares had submitted Form S-1 to the SEC, providing an in-depth description of the proposed ETF’s structure, investment objectives, and operational framework. If given the green light, this ETF would grant institutional investors regulated access to SUI tokens through traditional brokerage platforms, potentially broadening the token’s reach far beyond the usual crypto circles.

Although regulatory approval of crypto ETFs has faced delays in the past, the recent filing moves the SUI ETF into an official review phase. The outcome is being closely monitored by investors, analysts, and the wider digital asset community, as it could set a precedent for future crypto-related investment products.

Following the announcement of the ETF filing, the SUI token price rose to approximately $3.62, representing a 0.96% increase over the previous day. However, this modest gain contrasts with a roughly 5.5% price decline over the past seven days, reflecting broader market volatility and specific challenges facing the Sui ecosystem.

One significant recent setback involved the decentralized exchange Cetus, part of the Sui network, which suffered a severe security breach resulting in the theft of around $223 million. The Sui development team clarified that the breach was caused by a vulnerability in a third-party software library, not a failure within the Sui network itself. Efforts to contain the damage have frozen over $160 million of the stolen funds, with ongoing initiatives aimed at asset recovery.

In response to security concerns, the Sui Foundation announced the creation of a $10 million fund aimed at enhancing ecosystem safety and providing support to developers focused on security improvements. This move is expected to bolster confidence among users and investors.

Technical analysis of SUI’s daily price chart reveals a repeating pattern characterized by sharp price surges followed by consolidation phases. This pattern has appeared at least three times in recent months, with the current price action mirroring earlier phases closely. Historically, these consolidation periods have been followed by upward price movements, suggesting the possibility of further gains.

According to data from DeFiLlama, the total trading volume of SUI tokens across centralized and decentralized exchanges has surpassed $470 billion, underscoring the token’s increasing popularity. As of May 27, 2025, the average monthly trading volume stands at over $18.8 billion, signaling strong market participation and liquidity.

This surge in volume reflects not only growing investor interest but also the expanding use cases and integrations of the Sui network. More platforms and investment funds are exploring ways to incorporate SUI, further supporting the token’s ecosystem development.

The approval of the 21Shares SUI ETF by the SEC would mark a significant step in bridging traditional finance with the crypto world. Institutional investors, who often require regulated products for compliance reasons, would gain a simpler and safer way to invest in SUI tokens.

This development could unlock fresh capital inflows, increasing demand for SUI and potentially driving its price higher. Additionally, the ETF would raise the token’s profile, attracting attention from investors who might otherwise be hesitant to enter the crypto market.