PANews reported on May 1 that according to CoinDesk, Swiss asset management company 21Shares has submitted the S-1 registration form for the SUI ETF to the U.S. Securities and Exchange Commission (SEC). Duncan Moir, president of 21Shares, said at Sui's annual Basecamp conference: "Since we first studied Sui, we believed it could become one of the most exciting blockchains in the industry, and we are witnessing the realization of this assertion."