SEC Delays Decision On 21Shares Spot SUI ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its ruling on the 21Shares Spot SUI ETF, citing ongoing work on generic listing standards for crypto ETFs. Originally filed by Nasdaq in May, the product seeks to list under commodity-based trust rules.

The SEC designated additional time in July and has now opened proceedings to decide whether to approve or reject the ETF. The final deadline is set for December 21, though approval could arrive sooner if grouped with other altcoin ETF decisions expected in October.

Exchanges including Nasdaq, NYSE, and CBOE are collaborating with the SEC on updating listing frameworks to better accommodate crypto ETFs. Amendments filed Thursday propose removing “excluded commodities” from definitions, simplifying the path for approval.

The delay illustrates regulators’ cautious approach even as spot crypto ETFs gain momentum. Investors are watching closely, as a green light for the SUI ETF could mark another milestone in mainstream adoption of alternative blockchain tokens.

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