SUI soars 8% as 21 Shares files spot ETF
Summary ⚈ Sui (SUI) surged 8.36% after 21Shares filed for a spot ETF. ⚈ The token is up over 16% in the past week amid market optimism. ⚈ 21Shares also partnered with Sui to boost global institutional access. Sui (SUI), the native token of the Sui layer-1 blockchain, experienced a dramatic rally on May 1, surging 8.36% to its press time price of $3.70. The latest move reinforced the already positive weekly performance, which ensured that the eleventh-largest cryptocurrency by market cap is up 16.32% over the last seven days of trading. While the upsurge coincided with the broader market rally that saw, for example, Bitcoin (BTC) hit $96,000 for the first time since the February correction, it can be directly linked to 21Shares’ latest filing with the Securities and Exchange Commission (SEC). SUI one-day price chart. Source: Finbold Why Sui is up today Specifically, the company specializing in cryptocurrency-based exchange-traded products (ETPs) ...