21Shares updates SUI ETF plan: new stake provisions, Nasdaq listing imminent

The world's leading encryption asset management company 21Shares has updated its SUI ETF application documents, explicitly including the “stake rewards” clause and disclosing the latest plans for listing on NASDAQ. This revision marks a new phase for cryptocurrency ETFs that is more profit-oriented and DeFi-focused, potentially providing new regulatory references for other public chain ETFs.

SUI ETF Document Update, Incorporating Stake Rewards Mechanism

According to the latest amended filings disclosed by the U.S. Securities and Exchange Commission (SEC), 21Shares has made critical adjustments to its application for the SUI ETF. The documents indicate that the fund will allow staking of SUI tokens through secure third-party node operators, and the staking rewards earned will be directly included in the ETF's net asset value. This means that investors will be able to indirectly share in the PoS staking rewards of the SUI network, rather than relying solely on price appreciation.

Stake Strategy Details and Risk Control

(Source: SEC)

21Shares emphasized in the revised documents that the fund will adopt multi-node decentralized stake to reduce concentration risk, and all node operators must comply with regulatory requirements and have a transparent rewards distribution mechanism. Furthermore, stake rewards will be automatically reinvested during distribution, thereby enhancing the fund's long-term compounding return potential.

However, the document also points out that the staking process still faces risks such as network failures, penalty mechanisms (slashing), and liquidity constraints. 21Shares has committed to maintaining daily public transparency in information disclosure.

The listing process on Nasdaq is progressing steadily

This document update further confirms that the ETF will be listed on the Nasdaq Stock Exchange, with the code yet to be announced. Analysts believe that if the SEC approves such an ETF “with stake rewards”, it will be a significant breakthrough in the structure of encryption asset fund products, bridging the gap between DeFi and the traditional ETF market. It is worth noting that the SUI network was developed by Mysten Labs, attracting widespread attention from both institutions and retail investors due to its high-performance architecture and scalable design. Currently, the TVL on the SUI chain has surpassed 800 million dollars, and the ecological activity continues to rise.

Market Reaction and Industry Significance

After the announcement, the SUI token surged about 4% in the short term, as the market interpreted that the “ETF staking mechanism” helps enhance token demand and long-term locking value.

Industry insiders believe that this innovative structure will serve as a reference template for future “yield-type encryption ETFs,” providing a model for ETF applications of PoS assets like Ethereum and Solana.

Conclusion

The revision of the staking terms for the SUI ETF not only enhances the product's yield potential but also reflects the trend of integration between traditional finance and the encryption ecosystem. As regulatory frameworks become clearer, structural innovations in encryption ETFs are expected to become the next growth point in the encryption market.