SUI ETF Debuts on Nasdaq as 21Shares Lists TSUI


Digital asset manager 21Shares has launched a spot exchange-traded fund tracking $SUI on Nasdaq, expanding its lineup of products tied to the Sui blockchain. The fund, listed under the ticker TSUI, began trading Tuesday and follows the firm's earlier December launch of a 2x leveraged $SUI ETF, which 21Shares says was the first $SUI-linked ETF to reach the market.


"Following our successful launch of a leveraged SUI product, the introduction of TSUI represents the next step in expanding access to Sui through a straightforward, spot-based structure," said Duncan Moir, president of 21Shares.


The TSUI debut comes shortly after two other spot $SUI ETFs began trading last week: the Canary Stake SUI ETF and the Grayscale Sui Staking ETF. The three funds mark a rapid expansion of regulated $SUI investment products available to U.S. investors within a single week.


Sui is a layer-1 blockchain developed by Mysten Labs, designed for high transaction throughput. $SUI is the network's native token, used to pay transaction fees and power smart contract execution, among other functions. The token currently ranks 31st by market capitalization at approximately $3.3 billion.


"In a little more than two years, Sui has made significant inroads into payments and cross-border settlement, which has transformed it into one of the world's most robust on-chain economies and attracted the interest of leading institutions like 21Shares," said Evan Cheng, co-founder and CEO of Mysten Labs.


The wave of $SUI ETF launches reflects broader momentum in regulated crypto investment products tied to assets beyond $BTC and $ETH. Several asset managers have moved to list spot and staking ETFs across multiple layer-1 tokens as regulatory conditions in the U.S. have shifted.

#SUI #CryptoETF #Nasdaq #21Shares #Layer1

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February 24, 2026 at 10:59 PM