- 21Shares was the second potential transmitter to request an ETF US SPOT SU.
- Suis was above the key level of the bullish continuation, but the activity of the network has cooled.
21Shares, a digital asset manager of $ 10 billion, joined Canary Capital in the race for an American point Sui (sui) ETF.
According to the S-1 form deposit With the Securities and Exchange Commission (SEC), Coinbase will be the guardian of the proposed ETF.
In addition, the proposed FNBs share the creations and the buyout will be set in cash and not in kind.
On March 17, Canary Capital was the first to make a similar ETF submission. It remains to be seen if the agency will recognize requests.
21Shares is associated with suis
21Shares too announcement A “strategic partnership” to “extend the global scope”. In the press release, Duncan Moir, president of 21Shares, said:
“Since our first research on suis, we thought it could become one of the most exciting blockchains in the industry, and we see this thesis taking place.”
Collaboration will include product partnerships, research reports and other initiatives.
Updates saw the Altcoin pump 9% Thursday. However, the gains were quickly erased while the domination of the bitcoin increased to 64.8%.
Source: sui / usdt, tradingView
Overall, the rally of + 100% Altcoin from April stockings had cooled, as shown in the consolidation in class around $ 3.5.
But price consolidation was greater than the 200DMA (daily mobile average). Stop above the key technical level would allow bulls to advance the next Resistance above $ 4.
However, address activity indicated that Suit cooling could extend for a while. The recovery of April was marked by a net rebound in the active accounts of 1.3 million to almost 2 million.
But metrics fell sharply at the end of April to May, to 1.1 million users. It is a 45% drop in network activity. This could keep on the side or lower it unless the activity bounces again.
Source: Suc scan
