21Shares has launched a spot SUI ETF (TSUI) on Nasdaq, making it the third such fund launched in the United States within a week after Canary Capital and Grayscale. This ETF offers traditional investors a regulated opportunity to invest in SUI tokens. Following the listing, the SUI token price increased by 3.4% to $0.8786. The fund charges a management fee of 0.30%, and with SUI on-chain trading volume reaching approximately $43.4 billion, it has entered a highly competitive market. Recent market focus has been on the upcoming unlock of tokens worth $48 million, which could test the stability of the SUI token price, especially as institutional investor participation continues to grow.
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21Shares has launched a spot SUI ETF (TSUI) on Nasdaq, making it the third such fund launched in the United States within a week after Canary Capital and Grayscale. This ETF offers traditional investors a regulated opportunity to invest in SUI tokens. Following the listing, the SUI token price increased by 3.4% to $0.8786. The fund charges a management fee of 0.30%, and with SUI on-chain trading volume reaching approximately $43.4 billion, it has entered a highly competitive market. Recent market focus has been on the upcoming unlock of tokens worth $48 million, which could test the stability of the SUI token price, especially as institutional investor participation continues to grow.