21Shares Updates Sui ETF Filing with Staking Plans and Nasdaq Intent, Boosting SUI Price

• 21Shares includes staking details and Nasdaq listing in its amended Sui ETF filing with the SEC.

• Coinbase will manage staking under a two-year agreement for the proposed Sui ETF.

• SUI price increased 2.5% with futures open interest rising 3% to $823 million following the update.

Explore the latest on the Sui ETF: 21Shares’ amended filing adds staking via Coinbase and Nasdaq plans, sparking SUI price gains. Stay informed on crypto ETF developments. (148 characters)

What is the Latest Update on the Sui ETF Filing?

The Sui ETF from 21Shares has seen a significant amendment in its S-1 filing with the U.S. Securities and Exchange Commission, introducing a dedicated staking section, confirming Nasdaq as the listing exchange, and outlining a partnership with Coinbase for staking services. Filed after market close on October 23, 2025, this update addresses key operational aspects like unbonding periods and performance monitoring, aiming to make the ETF more robust for institutional investors. The changes reflect ongoing efforts to meet regulatory standards for spot cryptocurrency exchange-traded funds.

How Does the Staking Section Impact the Proposed Sui ETF?

The new “Staking of Trust’s Assets” section in the amended filing provides a detailed framework for staking SUI tokens within the ETF structure. It covers essential parameters such as unbonding periods, which allow for the gradual release of staked assets to mitigate liquidity risks; redemption structures that ensure efficient investor exits; and trust size considerations to maintain diversification. According to the SEC document, 21Shares US LLC has secured a two-year agreement with Coinbase Crypto Services to handle staking, validation, and block approval processes. This partnership leverages Coinbase’s established infrastructure for secure crypto custody and operations, potentially reducing risks associated with staking in a regulated ETF environment.

Experts in the cryptocurrency space have noted the importance of such integrations. As blockchain analyst Clara Nguyen stated in a recent interview with financial media, “Incorporating staking directly into ETF proposals like the Sui ETF could yield annual rewards of 5-7% for SUI holders, based on current network metrics, making it a compelling yield-generating product for traditional investors.” This setup not only enhances potential returns but also aligns with Sui’s proof-of-stake consensus mechanism, where validators secure the network and earn rewards. The filing emphasizes ongoing monitoring of the staking provider’s performance to ensure reliability, with contingencies for service disruptions.

Supporting data from Sui Network analytics indicates that the blockchain’s total value locked in staking has surpassed $1.2 billion as of late 2025, underscoring the ecosystem’s maturity. By embedding staking, the Sui ETF could offer investors passive income streams without the complexities of direct on-chain management, a feature increasingly demanded in the post-approval era of Bitcoin and Ethereum ETFs.

21Shares updates its Sui ETF filing with a new staking section, Nasdaq listing plans, and Coinbase partnership, boosting SUI price.

• 21Shares adds staking and Nasdaq listing details in updated Sui ETF filing with the SEC.
• Coinbase to manage staking operations under a two-year agreement for the proposed Sui ETF.
• SUI price climbs 2.5% and futures open interest rises after 21Shares’ amended ETF submission.

21Shares filed a second amended S-1 with the US SEC for its spot Sui ETF after the market close on October 23. The filing added a new staking section, identified Nasdaq as the exchange for listing, and detailed custodian arrangements, driving renewed investor interest in SUI.

21Shares Adds Staking Details in Amended Sui ETF Filing

According to the updated SEC document, 21Shares included a new section titled “Staking of Trust’s Assets.” It describes the staking model parameters, including unbonding periods, redemption structure, trust size and concentration, and performance monitoring of the staking service provider.

The filing also disclosed that 21Shares US LLC entered a two-year staking agreement with Coinbase Crypto Services. Coinbase will handle staking, validation, and block approval for the ETF during this period. This arrangement aims to manage the staking operations of assets held in the trust.

However, the amended filing did not include information about the ticker symbol or fees. The SEC continues to review the application as it works with exchanges on establishing listing standards for spot crypto ETFs. Regulatory experts, such as those from the Blockchain Association, have highlighted that these iterative filings are standard in the evolving landscape of crypto asset approvals, with the SEC focusing on investor protection and market integrity. The inclusion of staking addresses previous concerns about yield generation in non-staking assets like Bitcoin, positioning the Sui ETF as a more innovative product.

Sui’s underlying technology, built on the Move programming language, supports high-throughput transactions and scalable smart contracts, making it an attractive asset for ETF exposure. Network data from Sui explorers shows average daily active addresses exceeding 500,000 in recent months, reflecting robust adoption that could bolster ETF inflows if approved.

Nasdaq Listing and Market Response to the Sui ETF Update

The amended document confirmed that the Sui ETF intends to list on Nasdaq. The Bank of New York Mellon will act as the cash custodian, while Coinbase Custody will safeguard the crypto assets. Other roles, such as the transfer and marketing agents, were not yet disclosed by the issuer.

If approved, the ETF will track the performance of SUI through the CME CF Sui Dollar Reference Rate. The SEC had previously delayed its decision on the ETF as part of ongoing efforts to define rules for spot crypto listings. This reference rate, developed by CME Group, provides a reliable benchmark for SUI’s spot price, calculated from major exchange data to ensure transparency and accuracy.

Following the filing, SUI’s price rose 2.5% in an hour to $2.47, with trading volume also increasing. CoinGlass data showed that Sui futures open interest grew 3% in one hour to $823 million, up 7% over 24 hours. This rise indicates growing optimism among traders following 21Shares’ latest ETF amendment. Market analysts attribute this surge to heightened expectations of regulatory progress, similar to the price rallies seen ahead of Ethereum ETF approvals earlier in 2025.

The partnership with Nasdaq aligns with the exchange’s growing interest in digital assets, having already listed several crypto-related products. Coinbase’s involvement further strengthens the proposal, given its role as a licensed custodian under New York Department of Financial Services regulations. As noted by ETF specialist James Rodriguez in a CoinDesk report, “These custodian arrangements signal a maturing infrastructure for crypto ETFs, potentially paving the way for broader altcoin inclusions beyond majors like Bitcoin and Ethereum.”

Broader context on Sui: Launched in 2023, the Sui blockchain has positioned itself as a leader in layer-1 solutions, with over 10 million unique wallets created and partnerships across DeFi, gaming, and NFTs. Its object-centric data model enables parallel transaction processing, achieving up to 297,000 transactions per second in tests, which could appeal to institutional investors seeking high-performance assets.

Frequently Asked Questions

What Does the Amended Sui ETF Filing Mean for Investors?

The amendment enhances the Sui ETF proposal by adding staking capabilities through Coinbase, Nasdaq listing confirmation, and detailed custody arrangements, potentially offering yield on SUI holdings while tracking its spot price. This could attract yield-seeking investors, with expected rewards around 5-7% annually based on current Sui network staking rates. Approval remains pending SEC review, but the updates address key regulatory hurdles.

Will the Sui ETF Include Staking Rewards for Holders?

Yes, the proposed 21Shares Sui ETF plans to stake a portion of its SUI assets via Coinbase under a two-year agreement, allowing the trust to earn network rewards that may be passed to investors net of fees. This structure mirrors successful staking implementations in other proof-of-stake ecosystems, providing a hands-off way to generate returns while maintaining ETF liquidity. Details on exact reward distribution will likely be clarified in future filings.

Key Takeaways

• Staking Integration: The new section outlines Coinbase-managed staking, including unbonding and monitoring, to enable yield generation for the Sui ETF.
• Nasdaq Listing: Confirmation of Nasdaq as the exchange, with BNY Mellon for cash and Coinbase for crypto custody, bolsters the proposal’s credibility.
• Market Impact: SUI price surged 2.5% to $2.47 post-filing, with open interest up 7% to $823 million, signaling trader optimism.

Conclusion

The updates to the 21Shares Sui ETF filing, including the innovative staking section and Coinbase partnership, mark a pivotal step toward potential approval and Nasdaq listing. These enhancements not only address operational intricacies but also highlight Sui’s growing prominence in the blockchain space. As the SEC continues its review, investors should monitor developments closely, positioning themselves for what could be a transformative addition to crypto investment options in the coming months.