Key Insights
-
21Shares launched TSUI on Nasdaq, offering regulated spot SUI exposure with a 0.30 percent management fee for U.S. brokerage investors.
-
SUI trades near $0.86, while resistance at $0.90 caps recovery and support at $0.80 remains under repeated pressure.
-
CryptoRank data shows 48.87 million SUI tokens unlock March 1, accounting for 0.54 percent of total circulating supply.
SUI price traded below the $1 mark on Tuesday even as a new spot exchange-traded fund linked to the token began trading on Nasdaq. The listing adds another regulated investment route for U.S. investors. However, broader market weakness kept buyers cautious and limited immediate upside momentum.
The U.S. Securities and Exchange Commission approved the 21Shares Spot SUI ETF for trading under the TSUI ticker. The fund carries a 0.30 percent management fee and offers direct spot exposure without requiring investors to hold tokens in private wallets. Additionally, 21Shares recently introduced a staked SUI ETF, expanding access through brokerage platforms nationwide.
Expanding ETF Lineup in U.S. Market
The new product follows earlier SUI funds launched by Grayscale and Canary Capital. Consequently, SUI now has three spot exchange-traded products in the U.S. market. Market participants are closely tracking early trading volumes and fund inflows to assess institutional demand.
Despite the ETF development, SUI traded near $0.8642 after extending its pullback on the four-hour chart. Sellers continued to defend the $0.90 resistance level, preventing recovery attempts. Moreover, the token remained under its 50-period moving average, reinforcing a short-term bearish structure.
Momentum Indicators Remain Weak
Technical indicators reflected muted buying pressure during recent sessions. The MACD line stayed below the signal line while histogram bars remained negative. Additionally, the RSI hovered near 34, signaling that the asset approached oversold territory but lacked a confirmed reversal.
Source: TradingView
Traders identified the $0.80 zone as immediate support after repeated tests this week. A sustained move below that level could open room toward $0.70 and $0.65. On the upside, a break above $0.90 may allow price to challenge $1.00, with $1.20 and $1.50 acting as higher resistance targets.
Token Unlock Adds Supply Focus
Significantly, SUI leads this week’s token unlock schedule among major projects. Data from CryptoRank shows that 48.87 million tokens will enter circulation on March 1, representing 0.54 percent of total supply. Moreover, seven major projects together will release 114.71 million tokens, keeping supply dynamics in focus as ETF trading begins.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fed Minutes Keep Bitcoin Traders Guessing as Iran Risk Clouds the Next Four Weeks
The Federal Reserve's recent minutes revealed mixed signals on potential rate changes, influenced by inflation and geopolitical tensions. Bitcoin's price is currently around $71,000, with analysts divided on its future amid these macroeconomic pressures, relying on factors like the Iran ceasefire and inflation trends.
CryptoNewsFlash40m ago
Liquid Capital founder Yihua Yi: Long-term bullish but must respect market cycles; currently focusing on AI transformation
Liquid Capital founder Yi Lihua analyzed the reasons the market is under pressure during an AMA, emphasizing that the long-term outlook remains bullish on ETH, but that the market cycle and volatility must be respected. He pointed out the importance of AI technology for business transformation and shared his successful experience investing in companies after they adopted AI for transformation.
GateNews56m ago
Compass Point cuts Circle to Sell, CRCL shares fall more than 10%
Circle Internet Group（CRCL）stock price fell 9.9%, and Compass Point cut its rating to “Sell,” with a target price of $77, reflecting regulatory risk and the impact of market sentiment. At the same time, a hacking incident involving Drift Protocol triggered a collective lawsuit investigation, indirectly affecting CRCL’s stock price. Market awareness of DeFi risks has increased, and with stablecoin legislation stalled, Circle faces greater structural pressure.
MarketWhisper1h ago
U.S.-Iran ceasefire for 2 weeks! Bitcoin surges past $72,000, with shorts getting forcibly liquidated—liquidations exceeding $400 million.
Middle East conflict turned for the better after the U.S. and Iran agreed to a two-week ceasefire, with market risk sentiment recovering. U.S. stock index futures jumped sharply. Bitcoin broke through the $72,000 high, while oil prices plunged. Although the current rebound is significant, analysts warn that uncertainty around how the ceasefire agreement will be carried out and the overall economic pressure may still limit how long the rally can last.
区块客2h ago
CryptoQuant: Sustainable futures longs are catalyzing BTC and ETH to rise, not liquidation-triggered
CryptoQuant research indicates that after the ceasefire agreement, the price rise in Bitcoin and Ethereum was driven by new longs establishing positions, not by short liquidations. The open interest in BTC and ETH perpetual futures increased by $2.1 billion and $2.2 billion, respectively. Renewed institutional buying in the U.S. brought the Coinbase premium back into positive territory. Bitcoin broke above $69,400, targeting $79,000.
MarketWhisper3h ago
ETH 15-minute pump of 0.60%: exchange net capital outflows and on-chain large transfers drive a short-term rebound
2026-04-10 01:30 to 2026-04-10 01:45 (UTC), ETH traded within the 2185.0 to 2204.03 USDT range. The candlestick return was +0.60%, and the 15-minute intraday swing was 0.87%. During this period, mainstream market attention increased, with trading volume expanding by about 20% compared with the periods before and after, indicating stronger short-term liquidity.
The main drivers behind this unusual move were exchange net outflows and active on-chain large transfers. On-chain data shows that during this period, ETH saw multiple transactions, each over 8,000 ETH,
GateNews3h ago
