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.
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