SUI ETF To Land On NASDAQ? Here’s What We Know

The innovation of SUI’s Layer-1 blockchain is spreading to the traditional stock markets, or at least doing extra heavy steps towards adoption in traditional finance. For the uninitiated, NASDAQ is one of the big three stock market indices, along with the S&P 500 and Dow Jones Industrial Average.

Here’s When Sui ETF Is Likely To Launch

21Shares, a renowned crypto capital hedge fund that’s seeking to list the Sui ETF via Form 19b-4, is seeking to convert their Sui crypto trust to an investment vehicle that tracks Sui’s price on Spot markets. 

🚨BREAKING: 21Shares files the first-ever SUI ETF on Nasdaq!

The filing, under Section 19(b)(2) of the Securities Exchange Act, marks a key step toward potential SEC approval. Bullish for $SUI! 🚀 pic.twitter.com/IA3Dyk1QdS

— Coin Bureau (@coinbureau) May 27, 2025

While this is significant in the long-term, renowned Bloomberg crypto analyst Eric Balchunas doesn’t think the approval of the Sui ETF could happen anytime before the last quarter of 2025. 

SUI has successfully sailed through the mishaps of the staggering Cetus protocol hack. A few days ago, the developer team identified the hack to be a result of a bug in Cetus math library, rather than a network security breach or a fortuitous vulnerability in the Move programming language.

Sui Network Licks Wounds After Cetus Hack

In response to the $300 million hack, Cetus set up a $6 million bounty to recover the funds looted by the scrupulous cyber criminals. Already, there’s $160 million captured on-chain, giving hopes about restoring the rest of the mouth-dropping Cetus protocol hack on the SUI network.

📢 New Progress Update – A Path Forward Together!

Since the incident, we have reflected deeply on the incident and its impact on our users, partners, and the broader ecosystem. We are deeply sorry and take this responsibility seriously. Today, we want to share a meaningful step…

— Cetus🐳 (@CetusProtocol) May 27, 2025

In response to this horrendous hack, Cetus team announced that that will be using “cash & toke treasuries” to fully recover the stolen funds that are currently off-chain. The resolution to the hack includes a fundamental loan from the Sui Network Foundation, making a 100% recovery fully possible.

Right now, Sui price is bouncing off the green Bollinger Band (BOLL) representing the lowest tier in the technical setup. Priced at $3.56, Sui crypto is 26 cents below the mid-tier Bollinger Band, depicted in blue color. Ultimately, bulls won’t be able to take charge of the Layer-1 altcoin until the $3.82 level is secured, but the biggest challenge underlies the red-label $4.17 zone.

On The Flipside

• NASDAQ pitching Sui ETF comes just a week after the $300 million Cetus protocol hack, rattling Sui’s DeFi ecosystem.

Why This Matters

This kind of approval would be the inaugural one among crypto currencies, as not altcoin has been welcomed by NASDAQ yet, except Ether.

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