Nasdaq Files Sui ETF: Price Jumps 6%, Double Digits Coming?

SUI Price Climbs 6% as Nasdaq Pushes 21Shares ETF to SEC Stage

In a major boost to the altcoin market, Nasdaq has officially filed Form 19b-4 with the U.S. SEC to support the launch of a Sui ETF in partnership with 21Shares. 

This filing kicks off the official regulatory review process and could soon allow institutional investors to gain safe, regulated exposure to the token. 

The news quickly caused a strong reaction, with the coin price jumping nearly 6%, and 24-hour trading volume rising over 30%, according to the CoinMarketCap price chart. 

Source: CoinMarketCap

This sudden activity shows fresh excitement in the ecosystem and adds to the growing buzz around Sui coin news and ETF crypto filings.

Nasdaq Files 19b-4 for 21Shares Sui ETF, Volume Explodes

The crypto market was on fire after Nasdaq filed Form 19b-4 on behalf of 21Shares to list this coin exchange traded fund & commence the SEC review of its application. This is a real turning point for altcoins. Following the filing, the token price surge pushed it to around $3.66, with trade volume crossing $1.16 billion.

Source: Matteo Ambassador of BluefinApp and Suilend Protocol

When a platform like Nasdaq takes this step, it sends a strong message—big investors are getting ready to join. 

ETF Sparks Fresh Bullish Momentum

21Shares already has experience in the crypto traded space. They had filed Form S-1 earlier this month, and now this latest Nasdaq 21Shares move shows serious progress. 

This latest news comes at a time when altcoins are fighting for legitimacy in regulated markets. However, it hasn’t all been smooth. Just before this headline, a $223 million exploit hit the Cetus protocol hack, which operates on the official network. 

The team acted quickly—freezing $160 million and setting up a $10 million fund to boost ecosystem security. 

Source: SUI Network X

Importantly, it was confirmed that the bug was in Cetus’ math library, not in the network itself. This update helped calm fears around the Cetus hack update and allowed the ETF process to continue without delay.

Can It Hit Double Digits?

Crypto analyst CryptoBullet recently called this asset one of the most bullish altcoins right now. Based on his chart, the token just completed a correction and might be ready for a major rally. 

Source: X

With the exchange traded fund filing acting as a strong trigger, the SUI coin price prediction by some traders is now aiming for $10 or more. Still, we should be careful. The exchange traded fund approval by the SEC might take time. 

Conclusion

The Nasdaq 21Shares Sui ETF filing came at just the right time for cryptocurrency. It brought a positive price push, rising volume, and attention from both retail and institutional players. 

This move puts the coin in the spotlight. If the SEC gives the green light, we could see it hit double digits. As always, investors should watch closely and do their own research before investing.