The post US SEC’s crypto ETF rules review delays 21Shares Spot SUI approval appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has opted to delay its verdict on the 21Shares Spot SUI ETF. Such delays often indicate that the regulator wants to examine a proposal in greater detail before issuing a ruling. On behalf of the asset manager, Nasdaq had lodged a Form 19b-4 with the SEC on May 23, requesting permission to list and trade the fund’s shares. Since then, the regulator has extended the review period on July 22 and formally launched proceedings to determine if the SUI ETF meets the requirements for approval. It even invited the public to share written feedback, including opinions, data, and concerns on the proposal. The US SEC has to decide on the 21Shares SUI ETF by December 21 Nasdaq had filed for the SUI ETF shortly after a major attack on Cetus that drained over $223 million and disrupted the Sui ecosystem. Nonetheless, the exchange’s team acted quickly, locking down $160 million in stolen funds and offering a $6 million reward for the recovery of the rest. The company noted at that time, “With the funds secured, Cetus has officially entered the next phase of the recovery process. Our team is fully mobilized and working around the clock to execute the roadmap we shared earlier — from contract upgrades and liquidity restoration to preparations for relaunch.” After that, the Sui network confirmed the hack was due to a flaw in Cetus’s math library, not its own infrastructure or programming language. It also unveiled a $10 million fund to bolster ecosystem security. The SEC’s decision to delay the approval of the SUI spot ETF, according to some analysts, could dampen short-term confidence, as it delays the institutional participation and market expansion opportunities tied to the ETF.  Nevertheless, the commission must make a final decision on the… The post US SEC’s crypto ETF rules review delays 21Shares Spot SUI approval appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has opted to delay its verdict on the 21Shares Spot SUI ETF. Such delays often indicate that the regulator wants to examine a proposal in greater detail before issuing a ruling. On behalf of the asset manager, Nasdaq had lodged a Form 19b-4 with the SEC on May 23, requesting permission to list and trade the fund’s shares. Since then, the regulator has extended the review period on July 22 and formally launched proceedings to determine if the SUI ETF meets the requirements for approval. It even invited the public to share written feedback, including opinions, data, and concerns on the proposal. The US SEC has to decide on the 21Shares SUI ETF by December 21 Nasdaq had filed for the SUI ETF shortly after a major attack on Cetus that drained over $223 million and disrupted the Sui ecosystem. Nonetheless, the exchange’s team acted quickly, locking down $160 million in stolen funds and offering a $6 million reward for the recovery of the rest. The company noted at that time, “With the funds secured, Cetus has officially entered the next phase of the recovery process. Our team is fully mobilized and working around the clock to execute the roadmap we shared earlier — from contract upgrades and liquidity restoration to preparations for relaunch.” After that, the Sui network confirmed the hack was due to a flaw in Cetus’s math library, not its own infrastructure or programming language. It also unveiled a $10 million fund to bolster ecosystem security. The SEC’s decision to delay the approval of the SUI spot ETF, according to some analysts, could dampen short-term confidence, as it delays the institutional participation and market expansion opportunities tied to the ETF.  Nevertheless, the commission must make a final decision on the…

US SEC’s crypto ETF rules review delays 21Shares Spot SUI approval

The US Securities and Exchange Commission (SEC) has opted to delay its verdict on the 21Shares Spot SUI ETF. Such delays often indicate that the regulator wants to examine a proposal in greater detail before issuing a ruling.

On behalf of the asset manager, Nasdaq had lodged a Form 19b-4 with the SEC on May 23, requesting permission to list and trade the fund’s shares.

Since then, the regulator has extended the review period on July 22 and formally launched proceedings to determine if the SUI ETF meets the requirements for approval. It even invited the public to share written feedback, including opinions, data, and concerns on the proposal.

The US SEC has to decide on the 21Shares SUI ETF by December 21

Nasdaq had filed for the SUI ETF shortly after a major attack on Cetus that drained over $223 million and disrupted the Sui ecosystem. Nonetheless, the exchange’s team acted quickly, locking down $160 million in stolen funds and offering a $6 million reward for the recovery of the rest.

The company noted at that time, “With the funds secured, Cetus has officially entered the next phase of the recovery process. Our team is fully mobilized and working around the clock to execute the roadmap we shared earlier — from contract upgrades and liquidity restoration to preparations for relaunch.”

After that, the Sui network confirmed the hack was due to a flaw in Cetus’s math library, not its own infrastructure or programming language. It also unveiled a $10 million fund to bolster ecosystem security.

The SEC’s decision to delay the approval of the SUI spot ETF, according to some analysts, could dampen short-term confidence, as it delays the institutional participation and market expansion opportunities tied to the ETF. 

Nevertheless, the commission must make a final decision on the 21Shares SUI ETF by December 21, but could greenlight it as early as October, potentially in tandem with other altcoin ETFs.

So far, 21Shares and Canary Capital are the only asset managers to seek approval for a Sui ETF, with CBOE filing Canary’s application last month.

Analysts believe SEC delays are part of its strategy

The SEC, in August, also postponed its verdict on Grayscale’s request to incorporate staking into its ETH fund, as well as on 21Shares’ spot Ethereum staking proposal and Grayscale’s spot Dogecoin ETF filing. Additionally, it chose to extend its review period for Bitcoin and Ethereum ETFs proposed by Truth Social, the social platform owned by Trump Media & Technology Group.

Nonetheless, Nate Geraci of NovaDius Wealth previously shared that he believes an SEC decision on ETF staking could be imminent, after the commission stated that specific liquid staking arrangements do not involve securities.

Analysts Eric Balchunas and James Seyffart of Bloomberg also suggested that the SEC’s recent delays are part of a deliberate strategy to develop a unified approval framework for digital-asset ETFs. Seyffart explained that this framework would set out common listing standards, specifying which assets are eligible for inclusion and the approval criteria, eliminating the need for a separate order for each filing.

Meanwhile, the three major exchanges, Nasdaq, NYSE, and CBOE BZX, remain in discussions over standardized rules for spot crypto ETF listings with the SEC. As part of this effort, they filed amendments recently to strike “excluded commodities” from the definition of “commodity” in their listing standards.

KEY Difference Wire helps crypto brands break through and dominate headlines fast

Source: https://www.cryptopolitan.com/us-sec-review-delays-21shares-sui-etf/

Market Opportunity
SUI Logo
SUI Price(SUI)
$1.5037
$1.5037$1.5037
+0.51%
USD
SUI (SUI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

Circle CEO Jeremy Allaire says AI agents have no alternative to stablecoins and will conduct everyday activities with the tokens within as little as three years
Share
Coinstats2026/01/23 08:46
Trump says US ‘armada’ heading toward Iran

Trump says US ‘armada’ heading toward Iran

The warships start moving from the Asia-Pacific as tensions between Iran and the US soared following a severe crackdown on protests across Iran in recent months
Share
Rappler2026/01/23 09:37
Adam Wainwright Takes The Mound Again Honor Darryl Kile

Adam Wainwright Takes The Mound Again Honor Darryl Kile

The post Adam Wainwright Takes The Mound Again Honor Darryl Kile appeared on BitcoinEthereumNews.com. Adam Wainwright of the St. Louis Cardinals in the dugout during the second inning against the Miami Marlins at Busch Stadium on July 18, 2023 in St. Louis, Missouri. (Photo by Brandon Sloter/Image Of Sport/Getty Images) Getty Images St. Louis Cardinals lifer Adam Wainwright is a pretty easygoing guy, and not unlikely to talk with you about baseball traditions and barbecue, or even share a joke. That personality came out last week during our Zoom call when I mentioned for the first time that I’m a Chicago Cubs fan. He responded to the mention of my fandom, “So far, I don’t think this interview is going very well.” Yet, Wainwright will return to Busch Stadium on September 19 on a more serious note, this time to honor another former Cardinal and friend, the late Darryl Kile. Wainwright will take the mound not as a starting pitcher, but to throw out the game’s ceremonial first pitch. Joining him on the mound will be Kile’s daughter, Sierra, as the two help launch a new program called Playing with Heart. “Darryl’s passing was a reminder that heart disease doesn’t discriminate, even against elite athletes in peak physical shape,” Wainwright said. “This program is about helping people recognize the risks, take action, and hopefully save lives.” Wainwright, who played for the St. Louis Cardinals as a starting pitcher from 2005 to 2023, aims to merge the essence of baseball tradition with a crucial message about heart health. Kile, a beloved pitcher for the Cardinals, tragically passed away in 2002 at the age of 33 as a result of early-onset heart disease. His sudden death shook the baseball world and left a lasting impact on teammates, fans, and especially his family. Now, more than two decades later, Sierra Kile is stepping forward with Wainwright to…
Share
BitcoinEthereumNews2025/09/18 02:08