Overview
- 21Shares’ second amended S‑1 outlines a staking framework using Coinbase Crypto Services under a two‑year agreement, with Coinbase Custody for digital assets, BNY Mellon for cash, and Nasdaq as the proposed listing venue.
- The filing left ticker and fee details undisclosed and references tracking SUI via the CME CF Sui Dollar Reference Rate, with transfer agent and marketing partners to be named in later amendments.
- SUI rose roughly 2–2.5% to about $2.47 within an hour of the update as futures open interest climbed about 3% to $823 million, with a 24‑hour OI increase of more than 7% indicating renewed derivatives activity.
- On‑chain activity set new highs, with total value locked reaching about $2.16 billion and monthly DEX volume surpassing $20 billion, led by protocols including Momentum and Bluefin.
- Price action holds a $2.30–$2.48 support band while analysts watch for a reclaim of roughly $3.00–$3.70 to validate upside toward higher targets, as SEC approval for any spot SUI ETF remains pending.