21Shares applies to Nasdaq for SUI Spot ETF listing
On May 27, it was reported that according to documents submitted by Nasdaq, 21Shares has applied to list the 21Shares SUI ETF on the Nasdaq Exchange, which tracks the spot price of Sui's native token SUI. This ETF aims to calculate its net asset value using the SUI USD reference price compiled by CF Benchmarks daily, without using leverage or derivatives, and only holds spot SUI, which is custodied by BitGo. This trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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