The main European Cryptocurrency Investment Firm 21Shares has requested a Spot Sui Cited Taded (ETF) fund in the United States, marking another step in its expansion to the US market.
21Shares on April 30 presented the form registration of Form S-1 for an ETF Spot Sui (SUI) to the United States Stock Exchange and Securities Commission (SEC).
Called 21Shares Sui ETF, the proposed ETF will issue common actions of beneficial interest in trying to track the performance of SUI held by the USHARES US SUBDIDERARY.
The presentation of the USA.
There is no ticker or yet planned
The presentation of 128 pages is not specific in which US exchanges the new sui ETF debuts the trade. The ETF also does not have a Ticker symbol yet.
“There is no certainty that it is an avoidable liquidness in the exchange or that the market price will be in line with Christmas [net asset value] Or the main Nav market at any given time, “he says.
The presentation stressed that the ETF aims to provide exposure to sui by keeping tokens directly, without using leverage, derivatives or participation in speculative trade.
Canary Capital was the first to request Sui ETF
21Shares is not the first company to request an ETF SUI in the United States. Canary Capital, a cryptographic investment firm based in the USA.
Subsequently, CBOE BZX Exchange asked US regulators. UU. The authorization of the Canary’s Sui ETF list at the beginning of April.
The ETP -based ETPs have already been operating in Europe, with some of these products, including 21Shares Sui Strike ETP and Vaneck Sui ETP.
Related: More than 70 ethftographic ETF of the USA
According to the last update of Coinshares, ETPs based in Sui had $ 400 million in assets under administration such as or April 25.
With regard to date, Sui ETPs has $ 72 million in tickets, with a new week of $ 20.7 million last week.
The last presentation of the ETF by 21Shares is another product that joins a massive list of cryptographic ETF that awaits the decision of the SEC.
According to Bloomberg ETF analysts, Eric Balchunas and James Seyffart, there were at least 72 new presentations of Cripto ETF in the SEC table from May 1.
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