21shares took a new step towards the release of SUİ ETF. In the latest development, the NASDAQ Stock Exchange applied to the US Securities and Stock Exchange Commission (SEC) Form 19B-4 for this fund to be traded on its stock exchange. This application is shown as one of the first steps of the official process initiated to list the fund and buy and sell shares. The decision of the SEC will be an important turn for the future of the fund.
Water Coin Etf
With Nasdaq’s Form 19b-4, the official listing and trade process of 21shares Sui ETF has begun. Following the evaluation process of SEC’s application, the decision to be listed will be clarified. 21shares had previously announced that he wanted to present this ETF to the market by making S-1 application at the beginning of this month.
Nasdaq’s 19B-4 application to SEC is closely monitored in financial markets. Market stakeholders believe that such applications can facilitate access to crypto assets. Today’s application took place after a $ 223 million attack on the Cetus platform, but the platform announced in his recent statement that almost all of the damage will be met.
Water Coin Expectations
The review process on SEC’s 19B-4 applications can usually be detailed and long. It is not yet clear when the commission will make the approval or rejection decision. Such products can contribute to the processing of crypto assets in a more transparent and supervised environment in the market. The expectation of investors is that these products will increase the general stability and accessibility of the market.
November is an important date at this point and the deadline for more than 70 Altcoin ETFs accumulated in front of the SEC will be filled in November. We’ll probably see a mass of collective decision wave for almost all subcoins, including water coin.
Nasdaq’s application for SEC for 21shares SUİ ETF stands out as a remarkable step towards the integration of crypto assets through regulated financial products. This process, which was initiated with the aim of presenting new investment channels to corporate investors, has the potential to increase the rate of acceptance of digital assets in the financial world. If the application is approved, investors will be able to access the SUİ token via the traditional stock market. In addition, the decision of the SEC may be an example for similar financial product applications. This development is considered an important step that needs to be followed in terms of balance and accessibility in the financial market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
