Nasdaq submits 21Shares SUI ETF 19b-4 form to the SEC

ChainCatcher news, according to official documents, Nasdaq has submitted the 19b-4 form for the 21Shares SUI ETF to the U.S. Securities and Exchange Commission.

The ETF aims to calculate its net asset value daily based on the SUI USD reference price compiled by CF Benchmarks, without using leverage or derivatives, and only holding spot SUI, which is custodied by BitGo and Coinbase Custody. This trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.

It is reported that the 19b-4 form is a document required by the U.S. Securities and Exchange Commission (SEC) for trading platforms to submit when applying for rule changes or new product listings. The ETF issuer submits a registration statement to the SEC, and the trading platform must apply to the SEC through the 19b-4 document to allow the ETF to be listed and traded on its platform, proving that it meets listing rules (such as liquidity, transparency, etc.). The ETF can only be listed on the trading platform after SEC approval.