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Nasdaq’s filing for a 21Shares SUI ETF has ignited market optimism, driving a sharp surge in SUI trading volume. The move signals growing institutional confidence in the Sui blockchain, with analysts linking its recovery to broader crypto momentum.
- SUI’s 24-hour spot volume surged 300% to $1.01B post-Nasdaq ETF filing, with derivatives volume up 6.4%.
- Mysten Labs’ president calls the Nasdaq filing a 'powerful moment' for institutional adoption of Sui.
- Sui’s recovery is partly driven by Bitcoin’s ETF momentum and its own sBTC integration for DeFi growth.
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