Swiss-based asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) tracking the price of the Sui cryptocurrency. The filing, which has recently appeared on the SEC website, marks a notable development for Sui, potentially providing traditional investors with direct exposure to the token. Following the announcement, the price of Sui rose above $3.70, reflecting increased market interest. In addition to 21Shares, Canary Capital has also filed with the SEC to introduce a spot SEI ETF in the U.S., featuring a staking component to generate yield and employing a cash-based creation model similar to existing Bitcoin ETFs. The move by 21Shares is seen as a major traditional finance initiative for Sui, signaling growing institutional interest in the crypto asset. Market analysts note that Sui’s price movements tend to indicate broader shifts in the cryptocurrency market, suggesting that the ETF filing could have wider implications for crypto investors.