⚈ Sui (Sui) grew by 8.36% after 21shares presented Spot ETF.
⚈ Wet over 16%last week during market optimism.
⚈ 21shares also worked with Sui to increase global institutional access.
Sui (Sui), a natural sign of the Sui Layer -1 block chain, experienced a dramatic rally on May 1, penetrating 8.36% at $ 3.70 for its press time.
The final step strengthened the already positive weekly performance, which ensured that the upper limit of the market's eleventh cryptocurrency has increased by 16.32%over the last seven days of trading.
As the magnification coincided with, for example, Bitcoin (BTC) with a wider market rally, it first reached $ 96,000 after February correction, it can be directly linked 21shares' latest submission with a securities and a stock market committee (Sec).
Why is Sui up today
Specifically, a company specializing in cryptocurrency-based stock exchange products (ETPs) submitted an application to list the Spot Sui Exchange Foundation (ETF).
Moving has added an already important Spot Digital Asset ETF's backlog, which is waiting for SEC's decision in 2025.
Although the latest news from the regulator has seen it continues to delay the postponement, given that it pushed both the XRP and Dogecoin ETFs until June, hopes are high to approve many applications.
The second Trump administration has opened a significantly more cryptocurrency SEC, as evidenced by the decline in probes, research and cases, which has fallen in the first quarter of 2025.
In addition, Trump Media and Technologies (Nasdaq: DJT) have entered into crypto.com partnerships to start cryptocurrency ETPs, signaling high-level confidence in confirmations.
21shares co -operates with the Sui network
In addition to submitting a Sui Spot ETF 21shares announced May 1, he has entered into a partnership with Layer-1 network to help expand its global access.
According to a press release, the cooperation has been created by “producing product cooperation, research reports and other initiatives” and will help to highlight “its growth in the institutional interest in the growth of the Sui ecosystem.
Highlighted image via Shutterstock
