21Shares has launched the TSUI ETF on Nasdaq, offering U.S. investors regulated exposure to Sui.
21Shares, a financial services company known for its cryptocurrency exchange-traded products (ETPs), has introduced the TSUI ETF on Nasdaq, offering U.S. investors regulated access to Sui (SUI), according to the Sui Blog.
The spot TSUI ETF provides U.S. investors with a streamlined, regulated avenue to gain direct exposure to Sui. Trading on Nasdaq allows market participants to engage with Sui through established brokerage accounts. The SUI token is currently trading at $0.86, down 1% on the day, according to CoinGecko.
This debut of the ETF underscores the growing momentum behind institutional interest in regulated crypto investment products.
It also highlights the growing institutional focus on Sui. For example, financial entity Canary Capital recently launched the first-ever staked SUI ETF, The Defiant recently reported.
“TSUI marks yet another widely available access point to Sui, leveraging the industry’s preeminent tech stack to support global payments use cases and financial applications at scale,” said Evan Cheng, co-founder and CEO of Mysten Labs, the original contributor to Sui.
Elsewhere, financial institutions like Bitwise, Franklin Templeton, Grayscale, and VanEck have also shown interest in Sui-related initiatives.
This article was generated with the assistance of AI workflows.
Source: https://thedefiant.io/news/tradfi-and-fintech/21shares-launches-tsui-etf-on-nasdaq