21Shares Files to Launch a Sui ETF

Crypto asset manager 21Shares has filed for an exchange-traded fund (ETF) that would track the price of Sui, according to a submission to the U.S. Securities and Exchange Commission on Wednesday.

The 21Shares Sui ETF aims to enhance investors’ access to the native token of the high-speed layer-1 network, often referred to as a “Solana Killer.”

The filing names Coinbase as custodian for safeguarding investors’ funds, but it does not specify the exchange where the fund will trade or its ticker name.

Meanwhile, the Swiss-based manager announced a “strategic partnership” with Sui, focusing on product collaborations and research reports.