21Shares Launches Spot SUI ETF on Nasdaq as Third Fund Goes Live in a Week

According to 21Shares, investors could lose their entire investment. The firm pointed out that holding TSUI shares does not equate to holding SUI tokens. These disclosures form part of the products official risk statements.

Earlier, 21Shares introduced a leveraged SUI product offering 200% daily exposure through derivatives. That leveraged product debuted in December 2025. In contrast, the Spot SUI ETF provides unleveraged exposure tied directly to SUIs price.

Duncan Moir, President of 21Shares, said the new listing builds on the firms earlier leveraged rollout. Meanwhile, Evan Cheng, co-founder and CEO of Mysten Labs, described TSUI as another access point to the Sui blockchain ecosystem.

Three SUI ETF Enter U.S. Market Within Days

The 21Shares listing follows two other SUI ETF launches earlier in the week. Canary Capital introduced the Canary Staked ETF under the ticker SUIS on Nasdaq.

Shortly afterward, Grayscale launched the Grayscale Sui Staking ETF under the ticker GSUI on NYSE Arca.

Together, the three funds offer varying exposure structures. The 21Shares product focuses on spot-based access. Meanwhile, the Canary and Grayscale funds provide staking-based exposure models.

In addition, other asset managers are exploring related Sui investment products. Bitwise, Franklin Templeton, and VanEck have signaled interest in similar offerings.

However, no additional listings were confirmed in the provided information.

21Shares Expands US Presence After FalconX Acquisition

The launch of the Spot SUI ETF comes as 21Shares continues to expand its footprint in the US. The firm recently expanded its presence following its acquisition by FalconX, a digital asset prime broker.

Since then, 21Shares has continued to add crypto exchange-traded products on a jurisdiction-by-jurisdiction basis.

Sui is a Layer 1 blockchain that was built by former leaders of Metas Diem and Libra projects. The network logged $6.5 billion in decentralized exchange volume in the last 30 days.

It also handled over $100 billion in stablecoin transfers for the past six months.

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