NASDAQ approves SUI-ETF application from 21Shares: First SUI-Spot ETF on the US exchange in sight

NASDAQ approves SUI-ETF application from 21Shares: First SUI-Spot ETF on the US exchange in sight
NASDAQ application for SUI-Spot-ETF: An important step in the crypto investment landscape
NASDAQ has submitted an application to support the 21-shares project to write down the first SUI-Spot ETF on a US exchange. This is an important step in the world of cryptocurrencies, since ETFs (Exchange-Traded Funds) offer an accessible way to invest in digital assets.
The planned ETF will only keep SUI, a cryptocurrency that is becoming increasingly important in the blockchain world. The custody of the SUI is guaranteed by the security service provider Bitgo, which offers additional security for investors.
The approval of a SUI-Spot ETF could further advance the introduction of cryptocurrencies into the mainstream by facilitating institutional and private investors to participate in the performance of digital assets without having to acquire them directly.
Overall, this step could not only increase interest in SUI, but also strengthen the trust of investors in the cryptoma markets. The SUI-ETF from 21Shares could therefore be an important milestone for the Integration of cryptocurrencies into traditional financial markets.