Is FTSE affiliated with the 21Shares Sui ETF sponsor?

FTSE International Limited is not affiliated with the 21Shares Sui ETF sponsor. The filing notes FTSE is incorporated in England, experienced in calculating and administering digital asset indices, and remains unaffiliated with 21Shares US LLC, similar to CF Benchmarks’ unaffiliated status.

21Shares Sui ETF to switch benchmark provider

21Shares Sui ETF is terminating its current pricing benchmark agreement with CF Benchmarks, effective August 31, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)How Sentiment works

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Form Type

8-K

Rhea-AI Filing Summary

21Shares Sui ETF is terminating its current pricing benchmark agreement with CF Benchmarks, effective August 31, 2026. The CME CF Sui — Dollar Reference Rate — New York Variant is presently used to value the ETF’s shares and calculate its net asset value each day.

The sponsor plans to enter a new licensing agreement with FTSE International Limited on or about August 24, 2026, under which FTSE will supply digital asset index data for developing, maintaining, and marketing the fund. Both the current and planned FTSE licenses feature initial one-year terms with automatic one-year renewals unless terminated.

Insights

ETF shifts its pricing benchmark from CF Benchmarks to FTSE under successive one-year licenses.

The filing shows 21Shares Sui ETF ending its agreement with CF Benchmarks, which currently supplies the Sui–Dollar reference rate used for daily valuation and net asset value. The sponsor cites a broader transition to a new benchmark provider rather than any disclosed dispute.

The sponsor intends to sign a new index data license with FTSE International Limited around August 24, 2026. Both agreements use one-year initial terms with automatic yearly renewals, so the fund retains flexibility to change providers again. Actual effects on tracking, calculation methodology, or fees are not detailed in this excerpt.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

Termination effective date: August 31, 2026 Planned FTSE agreement date: On or about August 24, 2026 Initial term length: One-year initial term +2 more

5 metrics

Termination effective date August 31, 2026 End of CF Benchmarks Pricing Benchmark Licensing Agreement

Planned FTSE agreement date On or about August 24, 2026 Intended start of new FTSE index data license

Initial term length One-year initial term Both CF Benchmarks and planned FTSE licenses

Renewal structure Automatic one-year renewals Licenses renew annually unless terminated

Benchmark usage Daily NAV calculation Pricing Benchmark used to value ETF shares each day

Key Terms

Pricing Benchmark Licensing Agreement, CME CF Sui — Dollar Reference Rate — New York Variant, net asset value, benchmark provider, +1 more

5 terms

Pricing Benchmark Licensing Agreement regulatory

"the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between the Sponsor and CF Benchmarks"

CME CF Sui — Dollar Reference Rate — New York Variant financial

"relating to the use of the CME CF Sui — Dollar Reference Rate — New York Variant"

net asset value financial

"is used to value the Trust’s shares on a daily basis and to calculate the Trust’s net asset value"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

benchmark provider financial

"in connection with its broader transition to a new benchmark provider"

digital asset indices financial

"FTSE is experienced in calculating and administering digital asset indices"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What benchmark agreement did 21Shares Sui ETF (TSUI) terminate?

21Shares Sui ETF terminated its Pricing Benchmark Licensing Agreement with CF Benchmarks. That agreement covered use of the CME CF Sui — Dollar Reference Rate — New York Variant to value shares and calculate daily net asset value for the fund.

When does the CF Benchmarks licensing agreement for TSUI end?

The CF Benchmarks licensing agreement for 21Shares Sui ETF ends on August 31, 2026. Until then, the CME CF Sui — Dollar Reference Rate — New York Variant continues to be used for daily valuation and net asset value calculations under the existing terms.

Who will provide the new benchmark data for 21Shares Sui ETF (TSUI)?

FTSE International Limited is expected to provide new index data for 21Shares Sui ETF. The sponsor plans to enter a licensing agreement with FTSE around August 24, 2026, covering index data to develop, maintain, and market the trust and its shares.

What are the key terms of the planned FTSE license for TSUI?

The planned FTSE license for 21Shares Sui ETF will be non-exclusive, non-transferable, non-sub-licensable, perpetual, and worldwide. It is expected to have a one-year initial term and then automatically renew each year unless either party terminates under the agreement’s terms.

Why is 21Shares Sui ETF changing its benchmark provider?

The sponsor is changing providers as part of a broader transition to a new benchmark provider. The filing states the Pricing Benchmark Licensing Agreement is being terminated pursuant to its terms in connection with this transition, without describing any specific dispute or performance issue.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 04:35 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 30, 2026

21SHARES SUI ETF

(Exact name of registrant as specified in its charter)

Delaware		001-43145		33-6749416
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

158 W. 27^th Street
New York, New York		10001
(Address of principal executive offices)		(zip code)

Registrant’s telephone number, including area code: (646) 370-6016

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Shares of Beneficial Interest of 21Shares Sui ETF		TSUI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

Benchmark Licensing Agreements

On June 30, 2026, 21Shares US LLC (the “Sponsor”) provided notice to CF Benchmarks Ltd. (“CF Benchmarks”) of the termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between the Sponsor and CF Benchmarks relating to the use of the CME CF Sui — Dollar Reference Rate — New York Variant (the “Pricing Benchmark”) by the Sponsor, 21Shares Sui ETF (the “Trust”), and their affiliates. Pursuant to the Pricing Benchmark Licensing Agreement, CF Benchmarks provides each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable, perpetual, worldwide license to access, view and use the Pricing Benchmark to develop, create, calculate, settle, maintain or support and market the Trust, with the Trust using the Pricing Benchmark pursuant to a sub-licensing arrangement with the Sponsor. The Pricing Benchmark Licensing Agreement has a one-year initial term and automatically renews for successive one-year periods unless terminated pursuant to its terms. The Pricing Benchmark is calculated and administered by CF Benchmarks and is used to value the Trust’s shares on a daily basis and to calculate the Trust’s net asset value. CF Benchmarks is unaffiliated with the Sponsor. The Sponsor has elected to terminate the Pricing Benchmark Licensing Agreement pursuant to its terms in connection with its broader transition to a new benchmark provider, as further described below.

The Sponsor intends to enter into a licensing agreement with FTSE International Limited (“FTSE”) on or about August 24, 2026 whereby FTSE will provide each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable, perpetual, worldwide license to access, view and use FTSE index data to develop, create, calculate, settle, maintain or support and market the Trust. Such license is expected to have a one-year initial term and will automatically be renewed for successive one-year periods, unless terminated pursuant to its terms.

FTSE is a company incorporated and registered in England, and its principal offices are located at 10 Paternoster Square, London, EC4M 7LS, United Kingdom. FTSE is experienced in calculating and administering digital asset indices. FTSE is unaffiliated with the Sponsor.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 7, 2026	21SHARES SUI ETF

	21Shares US LLC, as Sponsor of 21Shares Sui ETF

	By:	/s/ Duncan Moir
	Name:	Duncan Moir
	Title:	President

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

21Shares Sui ETF to switch benchmark provider

Rhea-AI Filing Summary