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Nasdaq leads ETF review: Will SUI price rise above $4?
Nasdaq files application for 21Shares Sui ETF with SEC. Analysts expect a decision by the end of 2025. SUI price analysis included.
Nasdaq leads ETF review: Will SUI price rise above $4?
On May 29, 2025, Nasdaq filed a significant document with the U.S. Securities and Exchange Commission. Securities and Exchange Commission (SEC) to list and trade an ETF from 21Shares for the Sui TOKEN. This filing, known as Form 19b-4, marks the official start of the regulatory review process for this fund. The aim of the ETF is to provide investors with direct exposure to SUI, the native token of the Sui blockchain network. The Market Periodical reports that another asset manager, Canary Capital, has also filed for a similar SUI ETF on the CBOE exchange.
The SEC has experienced significant delays in its decisions on crypto ETFs, including the CoinShares XRP ETF. Analysts assume that the SEC could even need until the last quarter of 2025 to decide on the applications. Both filings are required for the SUI Tracking Fund to become operational. The SEC has a period of 45 days to make a decision, with the possibility of delays that may extend the review time to a maximum of 240 days. The final decision must be made by January 18, 2026.
SUI course development
Currently, SUI’s price is around $3.63, which is above the $3.5 support level. Loud The Market Periodical The support zone between $3.4 and $3.5 shows active buying interest and prevents further declines. The trading volume in this vicinity remains constant and indicates accumulation. Resistance for SUI is located around $3.84 and $4.18. A break above the resistance at $3.84 could confirm bullish momentum.
The RSI (Relative Strength Index) is currently at 50.78, indicating a wait-and-see market. Investors should consider a stop loss below $3.4 to limit risk. If SUI price breaks the $3.97 resistance level, there is the potential to reach $4 or higher. In the past, a rise via Ichimoku Cloud offered buy signals, and a breach of resistance levels on platforms like Binance or Bybit could trigger a short squeeze.
Overview of the Sui token
The SUI token has four main functions within the Sui network: it serves as an incentive for staking rewards, as a means of payment for fees, as a liquidable asset for applications, and as a governance token. The Sui blockchain focuses on decentralized applications and is considered a potential competitor to Solana. SUI itself is the 13th largest cryptocurrency with a market cap of $12.3 billion. In comparison, Solana has a market cap of $92 billion.
21Shares already manages a SUI-based ETF in Europe, listed on Euronext Paris and Euronext Amsterdam. According to Cointelegraph The SUI ETF manages a total of $317.2 million in assets. Between May 16 and May 24, $2.9 million flowed into the SUI ETPs, underscoring the token's appeal compared to other major cryptocurrencies such as Bitcoin, Ether, Solana and XRP.