SUI is expected to surge after the SEC approves the 21Shares Sui ETF

crypthub

about 16 hours ago

ETF Approvals and Launches

The SEC cleared the 21Shares Spot SUI ETF, which began trading on Nasdaq under TSUI with a 0.30% management fee. This adds institutional access to Sui. Grayscale’s Sui Staking ETF started on NYSE Arca on Feb 18, converted from an OTC trust, offering 100% staking and zero fees with rewards reflected in NAV. Canary Staked SUI ETF also launched on Nasdaq the same day, letting investors use regular brokerage accounts.

Sui Network Attributes

Sui was created by former Meta engineers to prioritize speed, low transaction costs, and scalability. It runs on the Move programming language, which emphasizes security to limit exploits. The protocol includes zkLogin, enabling onboarding via Google or Apple accounts. ETFs allow exposure without holding Sui tokens directly.

Trading Volume Dominance

From Jan 1 to Feb 22 2026, Sui recorded $43.4 bn in token volume, outpacing TRX ($35.8 bn) and ADA ($32.4 bn). Volume stayed concentrated in Sui markets, indicating capital rotation toward the asset after the ETF announcements. Analysts are weighing whether this reflects lasting structural growth or a short‑term flow.

Current Price and Technical Outlook

SUI trades in a tight $0.86‑$0.87 range, which acts as short‑term support. The price sits below the 0.236 and 0.382 Fibonacci levels and near the 0.786 level at $0.846; a break below $0.86 could push it toward $0.79. RSI is around 31.5, suggesting oversold conditions but no clear reversal, while MACD remains bearish, requiring a breach of $0.92‑$0.98 resistance for a recovery.