SEC Delays Decision on 21Shares Spot SUI ETF, Extends Deadline to Dec 2025
The U.S. Securities and Exchange Commission (SEC) has extended its review of 21Shares’ spot Sui (SUI) exchange-traded fund (ETF)...
Quick overview
- The SEC has extended its review of 21Shares' spot Sui ETF proposal to December 21, 2025, allowing for further evaluation.
- Market participants can comment on the proposed rule change as part of the review process.
- The 21Shares SUI ETF aims to provide institutional investors access to the Sui blockchain through regulated custodians.
- The delay reflects broader regulatory changes, with the SEC moving towards a more structured approach for crypto assets.
The U.S. Securities and Exchange Commission (SEC) has extended its review of 21Shares’ spot Sui (SUI) exchange-traded fund (ETF) proposal to December 21, 2025. The agency announced the extension in a filing yesterday, stating it is “instituting proceedings” to decide whether to approve or deny the ETF’s listing on Nasdaq.
Opening proceedings doesn’t mean a final decision but allows for further review. Market participants can comment on the proposed rule change to determine if the ETF meets the regulatory requirements.
Key Dates:
- Filing date: May 23, 2025
- First extension: July 22, 2025
- Deadline: December 21, 2025
- Custodians: BitGo and Coinbase Custody
GM CryptoX – 24 Hour Crypto Recap
🔸 $BTC trading at $112k, $ETH at $4,400
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🔸 US 🇺🇸 SEC delays decision on 21Shares $SUI ETF
🔸 #Chainlink grows onchain reserve by another 43,937— RR2Capital (@RR2Capital) September 5, 2025
21Shares Proposal Details
The 21Shares SUI ETF, registered in April 2025, will track the price of SUI, the native token of the Sui blockchain, using a CF Benchmarks benchmark. The product aims to give institutional investors access to Sui through traditional markets while having custody through regulated providers.
The SEC published the proposal in the Federal Register on June 10, starting the formal review period. Under Section 19(b)(2), the agency has 240 days to make a decision, which puts the deadline just before the holiday season.
The SUI ETF is one of many crypto applications pending review:
- Canary Spot PENGU ETF
- Grayscale Spot Cardano Trust
- Truth Social Bitcoin & Ethereum ETFs
- Solana-focused products from Bitwise, 21Shares and Canary
🇺🇸 BREAKING: The SEC delays decision on 21Shares $SUI ETF. pic.twitter.com/KyU1YlI5ng
— Mayank Dudeja (@imcryptofreak) September 5, 2025
Despite the delay, Sui’s token price is holding up, up 2% at press time near $1.52.
SEC New Crypto Rules
The delay also reflects the broader regulatory changes under the Trump administration. SEC Chairman Paul Atkins announced the commission’s Spring 2025 agenda earlier this week, which includes bringing crypto assets under one regulatory umbrella.
The agenda moves away from the “regulation by enforcement” model that has been criticized by the industry. Instead, the SEC will establish rules for crypto to trade on national securities exchanges and alternative trading systems — a step to align digital assets with traditional markets.Will be interesting to see how this plays out.
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