21 Shares on the Movement. Swiss manager Asset Manager 21shares filed S-1 form for ETF Suis with The Securities and Stock Exchange Commission (DRY). SUI, a native cryptocurrency blockchain, recorded an increase in the price of 5 %after this notice. This report comes for six weeks after Canary Capital also filed a similar application.
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- 21 Shares filed the S-1 form for ETF on cryptocurrency followed by SEC, causing a 5 % increase in the price of cryptocurrency.
- SU, developed by a former meta engineer, is characterized by its ability to solve 480,000 transactions per second and overcome Aptos.
21 Shares believe in the potential of this crypt
Sui is a blockchain layer 1 developed by a former meta engineer. It distinguishes its ability to heal up to 480,000 transactions per second thanks to a parallel transaction mechanism “Byzantine consists of broadcasts”. This technology allows the suit to overcome other blockchains, such as Aptos, which uses a similar but less effective mechanism.
This blockchain was launched in May 2023 MYSTEN LabsFounded by former members of the META team who worked on the Diem project. Since his launch, Suis has warned many developers and investors thanks to his performance and its Ecosystem growing.
During the annual conference Basecamp de Suis, Duncan MoirPresident 21shares, said:
“Since our first research on Suis, we believed that he could become one of the most interesting blockchains in the field and see how this work will take place.” »
Duncan Moir, President 21Shares – Source: Coindesk
21 Shares is not the only one who noticed his potential because in March 2025, Channel capital He also applied for ETF Suis, marking the growing interest of institutions for this blockchain.
Suis is preparing for institutional investors
Besides ETF requestFoundation announced a partnership with Fireblocks Improve the institutional level of infrastructure in the network. This integration allows institutions to interact Sui Using native links and access to defico protocols for network.
Partnership with Fireblocks It is an important step for the project because it makes it easier to access institutional investors to blockchain. Fireblocks is indeed a platform for managing digital assets used by many financial institutions for ensure AND manage Their investment in cryptocurrencies.
With a market capitalization of $ 11.8 billion, Suis ranks just outside the top 10 largest cryptocurrencies. Demand for ETF 21shares and partnership with Fireblock could soon drive it Even higher in the ranking.
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