$SUI $LUNC $ETH

Grayscale has made a move, but this time, they weren't the first.
Their S-1 filing has already been submitted, aiming to convert the over-the-counter Grayscale Sui Trust (GSUI) into a spot ETF listed on NYSE Arca. Note, this isn't a brand-new application, but rather an "upgrade path" for an existing product.
But the true frontrunner has already crossed the finish line—21Shares’ 2x leveraged SUI ETF (TXXS) has already launched on Nasdaq. Now, US investors can directly bet on SUI's price action with leverage through compliant brokerage accounts. Grayscale missed out on this "first."
The current situation is interesting:
**Already running:** 21Shares' TXXS (leveraged), actively trading.
**Still in line:** Two spot ETF applications. The SEC decision deadline for 21Shares' filing is December 21, which comes before Grayscale's timeline. Whoever gets approved first will become the pioneer of altcoin ETFs.
The market is fixated on this date. SUI's price has already started to fluctuate, but the underlying game is even more complex—the SEC has always been cautious about ETFs for coins other than BTC and ETH. Rumor has it that regulators want to first establish a "general framework for digital asset ETFs" rather than approving them one by one. Whether SUI gets through may depend on when this framework is released.
Simply put: the leveraged version is already on the table, but the spot version, which could truly unleash a flood of capital, still has to wait for the SEC's green light. The altcoin ETF battle has just begun.
Do you think 21Shares will get approval first, or will Grayscale pull off a comeback? #成长值抽奖赢iPhone17和周边 #广场发帖领$50 #参与创作者认证计划月领$10,000 #GUSD dual yield