After Cboe BZX exchange filed to list the first Spot ETF for SUI token, the SUI price saw a temporary improvement. This request, submitted under form 19b-4 to the U.S. Securities and Exchange Commission (SEC), marks a significant step towards SUI’s entry into the regulated financial market. If approved, the ETF will be listed on Cboe BZX exchange, allowing investment in SUI and potentially staking. Staking rewards will be considered as the fund’s income, but it will not participate in forks or future airdrops. This proposal follows the launch of a trust fund in Delaware and its registration with the SEC in March 2025. It is claimed that similar techniques to approved Bitcoin and Ethereum ETFs will be utilized to prevent market manipulation and protect investors. Currently, the SUI price fluctuates around $2, with key supports at $1.80, $1.60, and $1.30. If it surpasses the $2.30 resistance, there is a potential growth to $2.80. However, the current trend of this cryptocurrency is still assessed as neutral to bearish.
