The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve the 21Shares Spot SUI ETF. According to a recent filing, the SEC is extending its review period and will now accept public comments on the proposed rule change, which would allow the ETF to be listed on Nasdaq. The final deadline for a decision is set for December 21.
This delay is part of a broader effort by the SEC and major exchanges like Nasdaq to create generic listing standards for spot crypto ETFs. These new rules, which could take effect by early October, aim to streamline the approval process for future crypto-based funds.
In the wake of the news, the price of SUI has seen a slight dip, falling 0.5% in the last 24 hours to $3.33. Trading volume has also decreased, and the token is currently trading below its 50- and 100-day moving averages. Despite the subdued market interest, technical indicators suggest the token could have room for upside.
September 2025, Cryptoniteuae