Crypto investment firm 21Shares has submitted a filing for a spot Sui exchange-traded fund (ETF) in the United States. This marks a strategic move by the Swiss-based company to enter the American market.
The company continues to expand its product range in Europe. On this day, 21Shares listed three new physically backed products on Euronext Amsterdam and Euronext Paris.
These are the 21Shares Immutable ETP (AIMX), the 21Shares Injective Staking ETP (AINJ), and the 21Shares Sui Staking ETP (ASUI). They all enable investors to access crypto assets via their usual financial institutions.
Managing over $3.3B in crypto assets, with Sui in the mix
These new additions take the total number of crypto-asset ETPs listed by 21Shares to 43. The assets are worth over $3.3 billion. For six years now, 21Shares has been working towards offering exposure to blockchain-based assets to both retail and institutional players.
AIMX targets the gaming segment and offers access to the IMX tokens. The Immutable platform supports more than 200 blockchain games and non-fungible token marketplaces. The ETP looks to offer investors exposure to a growing sector in digital entertainment.
AINJ is an ETP that tracks the performance of INJ and staking returns. The users can access a plethora of blockchain networks via the Injective Protocol. This helps in constructing new financial assets in DeFi.
ETF application under regulatory review
The product is directed towards offering an easy, clear, and regulated means to invest. The Sui Staking ETP of ASUI tracks the value of the SUI token. It utilizes staking to derive additional returns. The Sui blockchain is designed to facilitate fast transaction rates and low fees. Used to run DeFi and GameFi applications in a decentralized manner.
The US listing of a spot Sui ETF is a demonstration of 21Shares’ vision to improve its presence in global capital markets. The US filing is a response to increasing interest in investing in products associated with blockchain. The firm continues to expand its product line with a view to regulation and access by investors.
Operating in Zurich, London, and New York, the firm seeks to balance conventional finance with a changing landscape in crypto. The spot Sui ETF application is pending review by US authorities. Investors will be following developments in the approval process.
