SUI Jumps Amid Spot ETF Filing, Network Commits $10M To Security

Sui (CRYPTO: SUI) token currently trades at $3.71, an 8% increase in the past 24 hours, according to data from CoinMarketCap. The price increase follows the submission of its first spot ETF proposal by Nasdaq.

The proposal is an important milestone for the Sui network as only major crypto assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have spot ETFs actively trading.

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According to The Crypto Times, Sun Kim, Nasdaq’s Senior Associate General Counsel, has submitted the proposal via a Form 19b-4. The filing is an initial request under the …

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