SEC Delays Decision on 21Shares’ SUI ETF Proposal
- The SEC has postponed the decision on the 21Shares SUI ETF.
- Evaluation delay indicates regulatory caution.
- Potential market adjustments linked to institutional interest.
The SEC delayed its decision on the 21Shares spot SUI ETF proposal, continuing its cautious evaluation of crypto-based ETFs within the U.S. regulatory framework as of September 2025.
The delay highlights ongoing regulatory scrutiny of crypto ETFs, reflecting market concerns and potentially influencing investor sentiment towards digital asset integration in institutional portfolios.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on 21Shares’ proposed SUI ETF, part of the ongoing review of crypto-based ETFs.
This event highlights the SEC’s cautious stance towards crypto ETFs, with potential impacts on institutional investment and market movements.
SEC Postpones Ruling on 21Shares SUI ETF
21Shares, led by Hany Rashwan and Ophelia Snyder, submitted the proposal. The ETF aims to track SUI, the Sui blockchain’s native asset. The SEC delay is identified under SR-CboeBZX-2025-053, seeking more time for evaluation.
Public comments for the 21Shares SUI ETF are open until August 15, 2025, emphasizing the regulatory body’s caution. Rebuttal comments are accepted until August 29, 2025, indicating thorough scrutiny. “As of now, there are no official statements addressing the SUI ETF delay or amended S-1 filing,” said Hany Rashwan, CEO of 21Shares. source
Institutional Caution Amid No Immediate SUI Shifts
No immediate financial shifts were reported on SUI, though institutional investors remain cautious. Large inflows in Ethereum ETFs earlier signal possible interest once regulatory approval is granted.
Delayed decisions historically cause minor market volatility, reflecting a “wait-and-see” attitude among stakeholders. The SEC’s approach contrasts with quicker approvals for Bitcoin and Ethereum products.
Past Crypto ETF Delays Offer Insight into SEC Strategy
Similar delays occurred with Solana ETF proposals, highlighting a prudent regulatory review of Layer 1 assets. This differs from previously swift actions on Bitcoin and Ethereum ETFs.
Experts suggest potential minor volatility in SUI if approved, based on past trends. Institutional inflows would likely increase, following patterns seen in earlier Ethereum ETF activity.
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